Deals
PPG Industries Said to Explore Possible Deal With Akzo Nobel
- PPG said to be interested in all or part of Dutch paintmaker
- Transaction would create global leader in specialty chemicals
Akzo Nobel Rejects $22.1B Takeover Bid From PPG
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PPG Industries Inc., the world’s largest coatings company, is exploring a potential deal with Dutch rival Akzo Nobel NV, according to people familiar with the matter.
PPG is working with advisers to study a transaction that could involve acquiring all or part of Amsterdam-based Akzo, the second-biggest paint maker with a market value of about $17 billion, the people said, asking not to be identified as the details aren’t public. There is no certainty an agreement will be reached, they said.