Proposed separation of Specialty Chemicals and the rejection of unsolicited indicative proposal from PPG

On March 9, AkzoNobel announced a review of strategic options for the separation of its Specialty Chemicals business and a rejection of an unsolicited indicative proposal from PPG. All updates and background information will be shared on this page.
 


Statement from the European Works Council

March 22, 2017

"We, as the employee representatives, fully endorse the statement issued by Ton Büchner, CEO of AkzoNobel, saying we do not believe the unsolicited bids from PPG, which contain significant uncertainties and risks, are in the best interest of all AkzoNobel stakeholders including employees.

We also believe that we as a company are best placed to develop and follow the announced strategy of AkzoNobel."


AkzoNobel rejects second unsolicited proposal from PPG

March 22, 2017

Proposal fails to recognise value  of AkzoNobel and neglects to address significant risks and uncertainties, including extensive anti-trust concerns.

AkzoNobel today announces it has rejected a second unsolicited, non-binding and conditional proposal of 20 March from PPG Industries Inc. for all of the issued and outstanding ordinary shares in the capital of AkzoNobel.

The proposal not only fails to reflect the current and future value of AkzoNobel, it also neglects to address the significant uncertainties and risks for shareholders and other stakeholders. Read more


AkzoNobel reviewing strategic options to separate Specialty Chemicals

March 9, 2017

AkzoNobel rejects an unsolicited indicative proposal from PPG


AkzoNobel, one of the world’s leading paints, coatings and chemicals companies announced a review of strategic options for the separation of its Specialty Chemicals business.

The decision was brought forward following confirmation that AkzoNobel has rejected an unsolicited, non-binding and conditional proposal from PPG Industries Inc. for all of the issued and outstanding ordinary shares in the capital of AkzoNobel. Read more 


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