AkzoNobel Rejects Third PPG Takeover Bid
The world’s leading paintmaker AkzoNobel on Monday turned down a third revised offer bid from US-based rival PPG, saying it still undervalued the Dutch company. “The PPG proposal undervalues AkzoNobel, contains significant risks and uncertainties, makes no substantive commitments to stakeholders and demonstrates a lack of cultural understanding,” chief executive Ton Buchner in a statement. … Read more