PPG doesn’t give up and prepares new bid for Akzo Nobel

PPG is preparing a new offer to acquire Netherlands-based Akzo Nobel, Dutch economic and financial daily Het Financieele Dagblad reports. Akzo Nobel announced two days ago that PPG had offered €83 per share, which corresponds to valuing the group at €20.9bn. Yet, AkzoNobel’s management had immediately rejected the offer, considering it inadequate for the group’s actual value.
(Source: Het Financieele Dagblad)