How PPG lost its $29.5 billion bet on Dulux paint In early March, U.S. paint maker PPG (PPG.N)'s Chief Executive Michael McGarry flew from Pittsburgh to Amsterdam to take Akzo Nobel (AKZO.AS) boss Ton Buechner for lunch. There, the 59-year-old American ambushed Buechner with a takeover plan and price tag […]
Antony Burgmans
Akzo Nobel receives request from Elliott for shareholder meeting Dutch paint maker Akzo Nobel said on Wednesday that it had received a request from a group of shareholders led by Elliott Advisors to hold a special shareholder meeting to dismiss Chairman Antony Burgmans. Elliott hopes to add to pressure on […]
Akzo Nobel CEO says PPG proposal is insufficient Akzo Nobel CEO says PPG proposal is insufficient:- Akzo Nobel (AKZO.AS) CEO Ton Buechner repeated on Monday his opposition to a March 20 takeover proposal from U.S. rival PPG Industries (PPG.N), saying he sees no merit in negotiating with PPG. Buechner and […]
