AkzoNobel Again Rejects PPG's Offer To Establish a Combined Company

摘要

Amsterdam— AkzoNobel has rejected a second unsolicited, non-binding and conditional proposal from PPG .Industries for all of the issued and outstanding ordinary shares in the capital of AkzoNobel (PCN, 13 Mar 2017, p 2). The management board and supervisory board of AkzoNobel, together with their financial and legal advisors, have reviewed the second proposal and concluded that it not only fails to reflect the current and future value of AkzoNobel, it also neglects to address the significant uncertainties and risks for shareholders and other stakeholders, AkzoNobel noted.