PPG to acquire Finnish coatings maker Tikkurila for €1.1 billion

摘要

PPG has reached an agreement to acquire Baltic region coatings maker Tikkurila (Vantaa, Finland) for approximately €1.1 billion ($1.3 billion) including debt and cash. PPG's all-cash offer of €25/share is a 66.2% premium compared with Tikkurila's closing price 17 December, the last trading day prior to the announcement.