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...Akzo said that as part of its review of the third offer, Mr Büchner and chairman Antony Burgmans met PPG’s chief executive and chairman Michael McGarry and its lead director Hugh Grant on Saturday....
...Dutch paints company Akzo Nobel is to replace its chairman Antony Burgmans, who last year was at the centre of a row with activist shareholders over his handling of a €26.9bn takeover offer from US rival...
...The detente comes after the hedge fund applied to Dutch courts for a special shareholder meeting to remove chairman Antony Burgmans after he was seen as an obstacle to a takeover deal by rival PPG Industries...
...Akzo’s chairman Antony Burgmans — whom Elliott has attempted to oust — confirmed he would retire in April 2018 as planned, “barring any exceptional circumstances”....
...It faces a further obstacle in the form of Antony Burgmans, the formidable supervisory board chairman....
...Chairman Antony Burgmans said the two departures were not linked, nor the result of any differences of opinion about the strategy being pursued....
...It also called for the dismissal of chairman Antony Burgmans, who was seen as an obstacle to a deal....
...Elliott Advisors had asked the Enterprise Chamber, a commercial court of the Netherlands, to overturn Akzo’s rejection of its call for a special shareholder meeting to remove Antony Burgmans, who is seen...
...Burgmans, who is seen as an obstacle to talks with PPG....
...The hedge fund said it had applied to a Dutch court for a special shareholder meeting to vote on the removal of Antony Burgmans, who was seen as an obstacle to the proposed buy-out of Akzo by rival PPG Industries...
...“It is with great regret that Ton is stepping down due to health reasons,” said Antony Burgmans, chairman of Akzo’s supervisory board....
...The hedge fund said it had applied to a Dutch court for a special shareholder meeting to vote on the removal of Antony Burgmans, who was seen as an obstacle to the failed acquisition of the Dulux brand owner...
...Hedge fund Elliott Advisors has launched legal action to oust Antony Burgmans, the chairman of Akzo Nobel, as it seeks to force the Dutch paintmaker to enter takeover talks with US rival PPG Industries....
...He will replace Antony Burgmans, who last year was at the centre of a row with activist shareholders over his handling of a €26.9bn takeover offer from US rival PPG....
...That possibly refers to Akzo’s previous rejection of Elliott’s request for a special shareholder meeting to oust chairman Antony Burgmans, who was seen as an obstacle to a deal with PPG....
...Akzo Nobel said it would consider the proposal to hold an extraordinary general meeting to dismiss Antony Burgmans within the statutory 14 days, but that it “strongly” supported the chairman....
...Hedge fund Elliott Advisors has started legal action to oust Antony Burgmans, chairman of Akzo Nobel, as it seeks to force the Dutch paint maker to enter takeover talks with its US rivals PPG Industries....
...The errant email chain was seized upon by Akzo on Wednesday in an effort to fend off a move by US-based Elliott and allied investors to sack the company’s chairman, Antony Burgmans....
...On Wednesday, Elliott Advisors requested an extraordinary meeting to remove Antony Burgmans, the chairman of Akzo’s supervisory board....
...The hedge fund led a band of shareholders who called for an extraordinary general meeting to remove Antony Burgmans, as part of its campaign to force Akzo Nobel into takeover talks with its larger US rival...
...Elliott failed in an attempt to call a special shareholder meeting to oust Akzo chairman Antony Burgmans. The US company’s third and final offer was rejected in May....
...The hedge fund had led a band of shareholders who called for an extraordinary general meeting to remove Antony Burgmans, as part of its campaign to force Akzo Nobel into talks with its larger US rival PPG...
...• Elliott Advisors, the activist hedge fund company, launched legal proceedings in Holland to oust Antony Burgmans, the chairman of Akzo Nobel, in an effort to force the Dutch paint maker to enter takeover...
...PPG’s offer was accompanied by a 14-page letter addressed to Akzo’s chairman, Antony Burgmans, and chief executive, Ton Büchner, which criticised Akzo’s recently unveiled standalone plans and instead offered...
...Notorious for its aggressive campaigns to influence corporate boardrooms, Elliott has also requested a special shareholder meeting proposing the dismissal of Akzo’s chairman, Antony Burgmans....
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