Reuters logo
BRIEF-Elliott Advisors limited condemns Akzo Nobel's rejection of third PPG proposal
May 9, 2017 / 5:12 AM / 4 months ago

BRIEF-Elliott Advisors limited condemns Akzo Nobel's rejection of third PPG proposal

May 9 (Reuters) - Elliott Advisors-

* Elliott advisors limited condemns Akzo Nobel N.V.’s rejection of third PPG proposal; has filed petition with enterprise chamber regarding EGM

* Elliott - Considers reasons outlined by Akzo Nobel’s boards for declining PPG’s third proposal to be “unconvincing and unsupported by any available evidence”

* Elliott advisors - believes PPG’s third proposal sufficiently addresses concerns expressed by boards warrant Akzo Nobel’s constructive engagement with PPG Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below