Akzo Chief Executive Ton Buechner said the maker of Dulux paint was best placed to create value itself. Analyst's ratings play a vital role in defining a stock's performance for the day. Europe's largest coatings company rejected PPG's unsolicited 20.9 billion euro takeover bid, saying it undervalued the company.
The rhetoric in AkzoNobel's robust rejection of the bid resembles that of Anglo-Dutch consumer goods group Unilever when it slammed Kraft Heinz's £115 billion approach last month.
Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of PPG Industries, Inc.
Daycare worker accused of pushing girl down stairs
After footage was released of 52-year-old Sarah Gable allegedly mistreating one of the children, the community is in an uproar. Daniel Anthony McGarrigle, Gable's attorney, said today to ABC News that Gable is "relieved" that the child was not injured.
12/13/2016 - PPG Industries, Inc. was downgraded to "sector perform" by analysts at RBC Capital. Now the USA company is returning with an offer for the rest.
AkzoNobel said that it will consider various alternative ownership structures for its Specialty Chemicals business including, listed the unit?, since a separation will allow the unit to continue to build and accelerate its market-leading positions across a range of market segments. Akzo said Thursday it will review options for the business, including a spinoff. The combined company also would have had too much debt, Akzo said.
The share price of the company (NYSE:PPG) was unchanged +0.00%, with a high of 0.00 during the day and the volume of PPG Industries, Inc. shares traded was 500. PPG Industries had a net margin of 5.56% and a return on equity of 30.59%. 'The proposal is not in the interest of AkzoNobel's stakeholders, including its shareholders, customers and employees, and we have unanimously rejected it'. In any case, the expected synergies from a combination would be compromised by antitrust demands, he added.