Edition:
United States

Akzo Nobel NV (AKZO.AS)

AKZO.AS on Amsterdam Stock Exchange

78.58EUR
11:35am EDT
Change (% chg)

€-0.08 (-0.10%)
Prev Close
€78.66
Open
€78.70
Day's High
€78.86
Day's Low
€78.05
Volume
493,854
Avg. Vol
797,164
52-wk High
€83.09
52-wk Low
€56.36

Latest Key Developments (Source: Significant Developments)

Akzo Nobel Q2 EBIT at 461 million euros misses Reuters poll
Tuesday, 25 Jul 2017 01:00am EDT 

July 25 (Reuters) - AKZO NOBEL NV ::AKZONOBEL PUBLISHES HALF-YEAR AND Q2 2017 RESULTS.Q2 REVENUE UP 2% DRIVEN BY PERFORMANCE COATINGS AND SPECIALTY CHEMICALS.Q2 EBIT AT €461 MILLION (2016: €491 MILLION).CONTINUES TO EXPECT EBIT FOR 2017 TO BE AROUND €100 MILLION HIGHER THAN 2016.Q2 ADJUSTED EPS UP 2% AT €1.35 (2016: €1.32).Q2 REUTERS POLL: REVENUE EUR 3.92 BILLION; EBIT EUR 496 MILLION.Q2 NET INCOME ATTRIBUTABLE TO SHAREHOLDERS EUR 301 MILLION VERSUS EUR 312 MILLION YEAR AGO.Q2 REVENUE EUR 3.79 BILLION VERSUS EUR 3.92 BILLION IN REUTERS POLL.  Full Article

Akzo Nobel CEO Büchner steps down with immediate effect
Wednesday, 19 Jul 2017 01:00am EDT 

July 19 (Reuters) - AKZO NOBEL NV :REG-AKZONOBEL CEO TON BÜCHNER STEPS DOWN WITH IMMEDIATE EFFECT.AKZO NOBEL NV - ‍BÜCHNER STEPS DOWN WITH IMMEDIATE EFFECT DUE TO HEALTH REASONS​.AKZO NOBEL NV - ‍ANNOUNCED THIERRY VANLANCKER AS NEW CEO.​.AKZO NOBEL NV - ‍THIERRY WAS MOST RECENTLY HEAD OF SPECIALTY CHEMICALS AT AKZONOBEL​.  Full Article

Fitch says Akzo rating to remain under pressure after PPG withdrawal
Monday, 5 Jun 2017 04:29am EDT 

June 5 (Reuters) - Fitch: :Fitch: Akzo rating to remain under pressure after PPG withdrawal.Fitch - PPG Industries' withdrawal from its pursuit of Akzo Nobel does not affect rating watch negative (rwn) on Akzo's 'BBB+' IDR.Fitch - do not expect to resolve rating watch negative until there is more clarity on plans and impact on Akzo's existing capital structure.Fitch - Akzo to be under pressure from shareholders to see through strategic plan of separating specialty chemicals business, which will be credit negative.  Full Article

Akzo Nobel to actively solicit the views of shareholders
Friday, 2 Jun 2017 08:06am EDT 

June 2 (Reuters) - AKZO NOBEL NV ::ANNOUNCES IT WILL EMBARK ON A PROGRAM TO ACTIVELY SOLICIT THE VIEWS OF SHAREHOLDERS, INCLUDING THOSE WHO HAVE RECENTLY CHALLENGED THE COMPANY.BOARDS OF AKZONOBEL WILL THOROUGHLY REVIEW AND CONSIDER THE FEEDBACK RECEIVED FROM SHAREHOLDERS IN ORDER TO DETERMINE APPROPRIATE ADDITIONAL NEXT STEPS.“WE HIGHLY VALUE SHAREHOLDER PERSPECTIVES AND REGRET THAT A NUMBER OF SHAREHOLDERS BELIEVE WE HAVE INSUFFICIENTLY EXPLAINED OUR CONSIDERATIONS IN RESPECT OF PPG’S PROPOSALS"-CEO.  Full Article

Akzo Nobel to invest over 10 million euros in Sweden to expand capacity for its chelated micronutrients
Friday, 2 Jun 2017 05:10am EDT 

June 2 (Reuters) - AKZO NOBEL NV ::AKZONOBEL IS TO INVEST MORE THAN €10 MILLION IN SWEDEN TO EXPAND CAPACITY FOR ITS CHELATED MICRONUTRIENTS.DUE TO BE COMPLETED NEXT YEAR, THE EXPANSION WILL PRIMARILY ADD CAPACITY FOR HIGH PERFORMANCE IRON CHELATES.  Full Article

AkzoNobel notes recent announcement from PPG that it has withdrawn its proposal and will not pursue offer for AkzoNobel
Thursday, 1 Jun 2017 06:14am EDT 

June 1 (Reuters) - AKZO NOBEL NV ::NOTES THE RECENT ANNOUNCEMENT FROM PPG THAT IT HAS WITHDRAWN ITS PROPOSAL AND WILL NOT PURSUE AN OFFER FOR AKZONOBEL.AKZONOBEL REAFFIRMS COMMITMENT TO ACCELERATING GROWTH AND ENHANCING PROFITABILITY.  Full Article

PPG withdraws offer for Akzo Nobel
Thursday, 1 Jun 2017 05:30am EDT 

June 1 (Reuters) - PPG INDUSTRIES INC :PPG ANNOUNCES DECISION TO WITHDRAW PROPOSAL AND NOT PURSUE OFFER FOR AKZONOBEL.‍PPG MADE FINAL DECISION TODAY AFTER CAREFUL CONSIDERATION, INCLUDING STAKEHOLDER INTERESTS OF BOTH COMPANIES​.PPG - ‍WITHDRAWN ITS PROPOSAL TO COMBINE WITH AKZONOBEL AND WILL NOT PURSUE A PUBLIC OFFER FOR ALL ISSUED AND OUTSTANDING SHARES OF AKZONOBEL​.PPG INDUSTRIES INC - ‍AKZONOBEL'S BOARDS "HAVE CONSISTENTLY REFUSED TO ENGAGE AND DID NOT RESPOND TO OUR CALL OR LETTER​".  Full Article

PPG issues statement regarding decision by the Dutch authority for the financial markets
Tuesday, 30 May 2017 05:02pm EDT 

May 30 (Reuters) - PPG Industries Inc ::PPG issues statement regarding decision by the dutch authority for the financial markets.PPG Industries Inc - ‍PPG was notified late today by dutch authority for financial markets (afm) that it did not grant ppg's request for an extension​.PPG Industries-will continue to assess all options including whether or not to file preliminarily draft offer memorandum with afm by no later than june 1​.  Full Article

PPG issues statement regarding decision by Amsterdam Enterprise Chamber
Monday, 29 May 2017 02:51pm EDT 

May 29 (Reuters) - PPG Industries Inc ::PPG issues statement regarding decision by Amsterdam Enterprise Chamber.PPG remains willing to meet with Akzonobel regarding a potential combination of the two companies.PPG will assess and decide whether or not to pursue an offer for Akzonobel.  Full Article

PPG undecided on whether to bid for Akzo Nobel
Monday, 29 May 2017 02:51pm EDT 

May 29 (Reuters) - Akzo Nobel NV Akzo.AS:PPG: remains willing to meet with Akzo Nobel regarding a potential combination of the two companies.PPG: without productive engagement from Akzo, PPG must decide whether or not to pursue an offer.PPG: Amsterdam court case was between Akzo and its shareholders.PPG: constructive engagement between Akzo Nobel and PPG is "in best interests of all stakeholders".  Full Article

Overhauling management, Akzo Nobel hires Intertrust CFO De Vries

AMSTERDAM, Sept 19 Dutch paint maker Akzo Nobel , which rejected a 26 billion euro ($31.2 billion) takeover approach from U.S. rival PPG Industries this year -- has hired a new chief financial officer from financial services group Intertrust.