Akzo Nobel rejects €12.5 billion Japanese-American takeover bid, pursues Axalta merger
By
@tijd.be
Crackling crust, pillowy middle. The kind of bagel that earns a second cup of coffee.
Summary
Akzo Nobel, the Dutch paint giant, has rejected a €12.5 billion takeover bid from a Japanese-American consortium, which offered a 40% premium over the last closing price. The company's board has dismissed the offer and intends to proceed with its planned merger with Axalta instead.
Key quotes
· 2 pulledEen Japans-Amerikaanse tandem wil 12,5 miljard euro - een premie van 40 procent op de laatste slotkoers - betalen voor Akzo Nobel.
De raad van bestuur van de verfreus verwerpt het bod en wil de fusie met Axalta verderzetten.
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