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PPG announced that it withdrew its M&A offer for Akzo Nobel and decided not to make further offers for it

 Last Update: 2021-07-22
 Source: Internet
 Author: User

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Pittsburgh, 2017 Nian 6 Yue 2 Ri - PPG (NYSE: PPG ) yesterday announced that the Akzo Nobel (Stock Code: revoked AKZA.

"Throughout the negotiation process, we have always hoped that Akzo Nobel’s board of directors can see that the exciting proposal of merging two outstanding companies will bring great shareholder value and help create a long-term development.

"Later last week, we wrote to Akzo Nobel to make one last effort for this merger proposal

"In the future, PPG will continue to pay attention to and seek development opportunities that are conducive to promoting value growth and enhancing market position

"I would like to take this opportunity to sincerely thank PPG colleagues for their support and help throughout the process , especially those who work in PPG 's major production bases

To obtain the announcement of PPG's previous M&A offer to Akzo Nobel, please click here

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