Edition:
United States

Akzo Nobel NV (AKZOY.PK)

AKZOY.PK on OTC Markets Group

31.38USD
2:30pm EDT
Change (% chg)

$0.04 (+0.13%)
Prev Close
$31.34
Open
$31.33
Day's High
$31.38
Day's Low
$31.26
Volume
14,513
Avg. Vol
70,276
52-wk High
$31.64
52-wk Low
$20.21

Latest Key Developments (Source: Significant Developments)

Akzo Nobel announces Maarten de Vries as CFO
2:00am EDT 

Sept 19 (Reuters) - AKZO NOBEL NV ::AKZO NOBEL TODAY ANNOUNCES MAARTEN DE VRIES AS CHIEF FINANCIAL OFFICER (CFO), STARTING JANUARY 1, 2018.  Full Article

AkzoNobel EGM appoints Thierry Vanlancker as member of Board of Management
Friday, 8 Sep 2017 08:46am EDT 

Sept 8 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL EGM APPOINTS THIERRY VANLANCKER AS MEMBER OF THE BOARD OF MANAGEMENT.  Full Article

Akzo Nobel reaches agreement with Elliott
Wednesday, 16 Aug 2017 02:00am EDT 

Aug 16 (Reuters) - Akzo Nobel Nv : :AKZONOBEL REACHES AGREEMENT WITH ELLIOTT.REG-AKZONOBEL REACHES AGREEMENT WITH ELLIOTT.AKZO NOBEL NV - ‍AGREEMENT INCLUDES ALIGNMENT ON AKZONOBEL STRATEGY TO FULLY SEPARATE SPECIALTY CHEMICALS​.ELLIOTT WILL SUPPORT APPOINTMENT OF MR. THIERRY VANLANCKER AS A MEMBER OF BOARD OF MANAGEMENT OF AKZONOBEL.AKZONOBEL AND ELLIOTT HAVE ALSO AGREED, SUBJECT TO TERMS OF A STANDSTILL AGREEMENT, TO SEEK TO SUSPEND ALL ONGOING LITIGATION FOR AT LEAST THREE MONTHS.‍AKZONOBEL AND ELLIOTT AGREED, SUBJECT TO TERMS OF STANDSTILL AGREEMENT, TO SEEK TO SUSPEND ONGOING LITIGATION FOR AT LEAST 3 MTHS​.AKZO NOBEL - ANNOUNCES NOMINATION OF TWO NEW SUPERVISORY BOARD MEMBERS; SUE CLARK AND PATRICK THOMAS‍​.AKZO NOBEL -INTENDS TO NOMINATE A THIRD NEW SUPERVISORY BOARD MEMBER.  Full Article

KKR, CVC Capital have begun working on joint offer for Akzo Nobel's specialty chemicals division - Bloomberg
Thursday, 27 Jul 2017 10:14am EDT 

July 27 (Reuters) - :KKR & Co and CVC Capital Partners have begun working on a joint offer for Akzo Nobel NV's specialty chemicals division - Bloomberg, citing sources.Advent International, Apollo Global also considering bids for Akzo Nobel NV's specialty chemicals division, which could be valued at more than 9 billion euros - Bloomberg.  Full Article

Akzo Nobel announces new Executive Committee structure
Tuesday, 25 Jul 2017 01:02am EDT 

July 25 (Reuters) - AKZO NOBEL NV ::AKZO NOBEL NV - ‍EFFECTIVE IMMEDIATELY, RUUD JOOSTEN IS NAMED CHIEF OPERATING OFFICER (COO) PAINTS & COATINGS​.‍SUPERVISORY BOARD HAS DESIGNATED MR VANLANCKER AS CEO/CHAIRMAN OF BOARD OF MANAGEMENT​.AKZO NOBEL NV - ‍WERNER FUHRMANN WILL RETURN TO AKZONOBEL IN ROLE OF HEAD OF SPECIALTY CHEMICALS​.‍IN NEW EXECUTIVE COMMITTEE FOLLOWING ROLES WILL CONTINUE: CHIEF EXECUTIVE OFFICER (THIERRY VANLANCKER)​.  Full Article

Akzonobel convenes EGM and actions to improve shareholder relations
Tuesday, 25 Jul 2017 01:01am EDT 

July 25 (Reuters) - AKZO NOBEL NV ::REG-AKZONOBEL CONVENES EGM AND ACTIONS TO IMPROVE SHAREHOLDER RELATIONS.‍ANNOUNCES A RANGE OF MEASURES DESIGNED TO STRENGTHEN AND MAINTAIN A CONSTRUCTIVE DIALOGUE WITH ITS SHAREHOLDERS​.‍CREATION OF A SUPERVISORY BOARD COMMITTEE FOR SHAREHOLDER RELATIONS​.‍DAVID MAYHEW AND TEAM FROM JP MORGAN CAZENOVE APPOINTED AS ADVISOR FOR SHAREHOLDER RELATIONS​.‍SENIOR EXECUTIVE REMUNERATION TO BE ALIGNED TO NEW FINANCIAL PLAN​.‍PROGRAM OF MEETINGS TO INTRODUCE NEW CEO​.  Full Article

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 says ‍specialty chemicals separation process remains on track​
Tuesday, 25 Jul 2017 01:00am EDT 

July 25 (Reuters) - AKZO NOBEL NV ::‍SPECIALTY CHEMICALS SEPARATION PROCESS REMAINS ON TRACK​.  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

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.