Hints and tips:
...“You don’t remember what you paid last year for paint,” said Maarten de Vries, chief financial officer of Akzo Nobel. However, other executives closer to the customer fear demand will weaken....
...The bosses of paint companies PPG and Akzo Nobel both said they wanted to buy Asian rivals after the Fortune 500 company beat its Dutch rival to the €1.5bn acquisition of Finland’s Tikkurila in February....
...The chief of Europe’s biggest paintmaker Akzo Nobel, which rejected a €27bn takeover offer in 2017, has insisted that the company can achieve the ambitious financial target promised during its defence campaign...
...Carlyle wins fight for Akzo Nobel speciality chemicals arm A group of investors led by US buyout giant Carlyle agreed to pay €10.1bn including debt for Akzo Nobel’s specialty chemicals unit after months...
...Akzo’s new chief executive, Thierry Vanlancker, previously led operations in polymers, performance coatings and chemicals at DuPont, which sold off its performance coatings business in 2013....
...The answer is complicated by Akzo’s plan to sell or demerge its speciality chemicals business and return any net proceeds to shareholders, leaving a smaller but more focused group....
...Dutch chemicals group Akzo Nobel has issued a profits warning just weeks after settling a bitter shareholder feud over its decision to reject a takeover bid from a US rival....
...The offer marks a rare intervention by a Japanese company into what were otherwise friendly discussions between Axalta and Akzo Nobel, a Dutch paints and coatings company....
...Nippon Paint has gatecrashed friendly talks between a US and a Dutch rival by submitting an all-cash takeover bid for Axalta Coating Systems, in a rare intervention by a Japanese company in cross-border...
...Management said Akzo’s measure of core profit was impacted by continued weak demand in marine and protective coatings, higher raw material costs and planned maintenance turnarounds in its industrial chemicals...
...As part of the defence against PPG’s approach, Mr Büchner pledged to hive off Akzo Nobel’s specialty chemicals unit, leaving a core business focused on paints and coatings, and also raised the company’s...
...Doing so would leave Akzo as a more focused paints and coatings business, which would be likely to be valued at a higher multiple of profits....
...– Paints and Coatings and Specialty Chemicals....
...Akzo Nobel, the Dutch paints and coatings group, has confirmed it has rejected a €26.9bn offer from US rival PPG Industries and will instead focus on its own strategy to accelerate growth and create value...
...Dutch paintmaker Akzo Nobel and its US rival Axalta Coating Systems have terminated talks over a multibillion dollar merger after failing to reach an agreement....
...As part of its defence against PPG, Akzo pledged to separate its speciality chemicals division, leaving a core business focused on paints and coatings....
...So it seems odd that companies should trumpet cash handouts to shareholders, as Akzo Nobel did on Wednesday....
...It plans to sell or spin off its specialty chemicals division, which should leave a standalone coatings group trading at a higher multiple of profits, and be quicker to execute than a merger....
...They [Akzo Nobel] have a very strong powder coatings technology — they are the leader in that space,” Mr McGarry told the FT in an interview last week....
...Akzo Nobel said it expects core earnings to be €100m higher in 2017, as the Dutch paints and chemicals group posted record profitability in the first quarter of the year....
...Nippon Paint submitted an offer this week that valued Axalta at a much higher premium than the figure being contemplated by the US group as it held talks with Amsterdam-based Akzo Nobel, according to people...
...a company focused on paints and coatings....
...A bitter three-month takeover fight between two of the world’s largest paint and coatings companies was won by Dutch group Akzo Nobel on Thursday after American rival PPG Industries said it was abandoning...
...If Akzo Nobel thought its robust rejection of a takeover bid from PPG would settle the matter quickly, it is surely disappointed....
...chemicals business....
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