1. PPG 'Disappointed' By AkzoNobel Rejection, Says Paint Maker Has Poor Corporate Governance

    PPG 'Disappointed' By AkzoNobel Rejection, Says Paint Maker Has Poor Corporate Governance

    PPG Industries (PPG) said Monday that it was "disappointed" AkzoNobel (AKZOY) had again refused to discuss its takeover proposals and accused ...

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    1. The failure of the AkzoNobel Boards to engage with PPG to fully evaluate and discuss PPG's proposal reflects a continued lack of proper governance, and is another attempt to avoid a true comparison on stakeholder impacts of PPG's proposal versus AkzoNobel's standalone plan.
    2. The AkzoNobel chairs stated up front that they did not have the intent nor the authority to negotiate.
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