akzonobel rejects third ppg takeover bid
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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AkzoNobel rejects third PPG takeover bid

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Emiratesvoice, emirates voice AkzoNobel rejects third PPG takeover bid

The world's leading paintmaker AkzoNobel on Monday
The Hague - Emirates Voice

The world's leading paintmaker AkzoNobel on Monday turned down a third revised offer bid from US-based rival PPG, saying it continued to undervalue the Dutch company and "demonstrated a lack of cultural understanding."
"The PPG proposal undervalues AkzoNobel, contains significant risks and uncertainties, makes no substantive commitments to stakeholders and demonstrates a lack of cultural understanding," AkzoNobel said in a statement, after PPG upped its offer last month, valuing the Amsterdam-based company at about 24.6 billion euros.

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