THE HAGUE: The world’s top paint and coatings maker AkzoNobel said Wednesday it had rejected a second unsolicited buyout offer from its US rival PPG Industries.

The Dutch firm said PPGI’s “proposal fails to recognise value of AkzoNobel and neglects to address significant risks and uncertainties, including extensive anti-trust concerns.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details