Akzo has rejected the third unsolicited offer from PPG, which the company received on 24 April 2017, the day before the AGM. This third offer sees Akzo’s equity value at €24.6bn reflecting a 50% premium on the unaffected closing price of Akzo’s shares on 8 March 2017 and another +8% over the first proposal on 2 March. Akzo’s shareholders voted in favour of all resolutions at the AGM and supported the chairman’s response to a shareholders’ (brought together b
08 May 2017
Armed for the ‘fight’?
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Armed for the ‘fight’?
Akzo has rejected the third unsolicited offer from PPG, which the company received on 24 April 2017, the day before the AGM. This third offer sees Akzo’s equity value at €24.6bn reflecting a 50% premium on the unaffected closing price of Akzo’s shares on 8 March 2017 and another +8% over the first proposal on 2 March. Akzo’s shareholders voted in favour of all resolutions at the AGM and supported the chairman’s response to a shareholders’ (brought together b