PPG Again Raises Bid For Akzo Nobel
24 Abril 2017 - 8:28AM
Dow Jones News
By Austen Hufford
PPG Industries Inc. raised its offer price for the second time
for Dutch paint and chemicals maker Akzo Nobel NV, extending the
monthslong takeover battle.
PPG increased its offer to acquire Akzo Nobel to EUR96.75 (about
$105.05) a share from EUR88.72 previously.
Akzo Nobel had said that previous offers undervalued the company
and don't warrant further talks. A representative from the company
said they would comment shortly on the raised offer price.
PPG said its latest offer represents "one last invitation" to
Akzo Nobel's board.
(More to come.)
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
April 24, 2017 07:13 ET (11:13 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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