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BRIEF-Akzo Nobel rejects PPG takeover bid
March 9, 2017 / 6:43 AM / in 4 months

BRIEF-Akzo Nobel rejects PPG takeover bid

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March 9 (Reuters) - Akzo Nobel NV:

* Announces today a review of strategic options for separation of its specialty chemicals business

* Boards have unanimously ‎concluded that PPG proposal substantially undervalues Akzo Nobel by failing to reflect long-term value creation potential of company

* As part of separation, Akzo Nobel will consider various alternative ownership structures for specialty chemicals business including, but not limited to, establishment of an independent listed entity Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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