Mergers, Acquisitions & Exits

AkzoNobel quits bidding war for Tikkurila, says PPG bid too high

IBI , by Robert Wielaard2021-02-08T14:37:00

AkzoNobel CEO Thierry Vanlancker

Dutch firm abandons bid for Finnish paint maker

AkzoNobel NV, the Dutch paints and coatings giant, has abandoned the bidding war for Tikkurila Oyj after US rival PPG raised its offer for the Finnish paint maker to €1.5bn. AkzoNobel’s final bid last month was…

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