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...
...PPG attempted an audacious €27bn hostile takeover of its Dutch rival Akzo Nobel last year, but ended up withdrawing rather than take its offer direct to Akzo’s shareholders following a protracted and bitter...
...Dutch paintmaker Akzo Nobel is never far from big-ticket merger prospects with large rivals. On Monday it said it had struck a smaller deal of its own, to buy Thailand’s V.Powdertech....
...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....
...AkzoNobel needs to purify the atmosphere too as it pursues a merger with Axalta Coating Systems, a US group whose coatings adorn many vehicles....
...In a separate announcement on Friday Akzo Nobel said the chief financial officer Maelys Castella was stepping down due to health reasons....
...Japan’s Nippon Paint has submitted an all-cash takeover offer for rival Axalta Coatings System, prompting the US company to break off merger discussions with Akzo Nobel....
...Akzo’s decorative paints and performance coatings divisions together had sales of €9.5bn in 2016, while Axalta’s total revenues were $4.1bn....
...Akzo Nobel, the Dutch paintmaker under pressure from the hedge fund Elliott, has posted second-quarter core earnings below market expectations but said it was still on track for the figure to be €100m higher...
...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....
...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....
...US group PPG Industries has walked away from a prospective €26.9bn takeover of paint and coatings rival Akzo Nobel....
...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...
...Akzo Nobel ends bitter spat with largest shareholder Akzo Nobel, the Dutch paintmaker behind the Dulux brand, agreed a truce with the activist investor Elliott Advisors following a bitter feud over the...
...So it seems odd that companies should trumpet cash handouts to shareholders, as Akzo Nobel did on Wednesday....
...The decision marks the second setback in as many days for PPG in its pursuit of Akzo Nobel....
...As senior independent director at PPG Industries, he is now having a similar experience with Akzo Nobel. Frustrated by its refusal to engage, key Syngenta shareholders formed a pressure group....
...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 and Elliott declined to comment....
...Akzo Nobel will be hoping that the update sets a positive tone before it unveils a new strategy to investors this morning....
...If Akzo Nobel thought its robust rejection of a takeover bid from PPG would settle the matter quickly, it is surely disappointed....
...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...
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