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The Hague - Arab Today
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The world's leading paintmaker AkzoNobel on Monday turned down a third revised offer bid from US-based rival PPG, saying it continued to undervalue the Dutch company and "demonstrated a lack of cultural understanding." "The PPG proposal undervalues AkzoNobel, contains significant risks and uncertainties, makes no substantive commitments to stakeholders and demonstrates a lack of cultural understanding," AkzoNobel said in a statement, after PPG upped its offer last month, valuing the Amsterdam-based company at about 24.6 billion euros. |
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Paris - Al Maghrib Today
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Paris - Al Maghrib Today
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