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Business
PPG prods AkzoNobel
by Alex Scott
April 10, 2017
| A version of this story appeared in
Volume 95, Issue 15
PPG Industries just won’t take no for an answer. The U.S. paint firm is pleading with acquisition target AkzoNobel to at least meet and talk after AkzoNobel CEO Ton Büchner posted a rejection video. In late March, PPG offered to buy AkzoNobel for $26.3 billion, up from a March 2 bid of $22.0 billion. Despite getting the cold shoulder twice, PPG maintains that combining the two firms “has a strong strategic rationale and presents a highly compelling and unique opportunity.” AkzoNobel says it continues to be undervalued by PPG.
The power is now in your (nitrile gloved) hands
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