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Akzo Nobel NV (AKZOY.PK)

AKZOY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

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

Elliott Advisors "surprised and disappointed" with Akzo Nobel ruling
Monday, 29 May 2017 01:30pm EDT 

May 29 (Reuters) - ELLIOTT ADVISORS::ELLIOTT IS SURPRISED AND DISAPPOINTED WITH THE ENTERPRISE CHAMBER’S RULING THIS EVENING.ELLIOTT IS CONSIDERING THE IMPLICATIONS OF THIS JUDGMENT FOR SHAREHOLDER RIGHTS IN THE NETHERLANDS AND FOR ITS NEXT STEPS IN RELATION TO AKZO NOBEL.  Full Article

Jean Boulle Luxury announces agreement with AkzoNobel for production of its aviation Grade Sun King Diamond Coating
Wednesday, 10 May 2017 08:39am EDT 

May 10 (Reuters) - JEAN BOULLE LUXURY::ANNOUNCES AGREEMENT WITH AKZONOBEL <<>> FOR PRODUCTION OF ITS AVIATION GRADE SUN KING DIAMOND COATING FOR THE PRIVATE AND COMMERCIAL JET MARKET.UNDER THE AGREEMENT AKZONOBEL WILL BE THE EXCLUSIVE SUPPLIER OF THE AVIATION GRADE SUN KING DIAMOND COATING.  Full Article

Elliott Advisors limited condemns Akzo Nobel's rejection of third PPG proposal
Tuesday, 9 May 2017 01:01am EDT 

May 9 (Reuters) - Elliott Advisors-:Elliott advisors limited condemns Akzo Nobel N.V.'s rejection of third PPG proposal; has filed petition with enterprise chamber regarding EGM.Elliott - Considers reasons outlined by Akzo Nobel's boards for declining PPG's third proposal to be "unconvincing and unsupported by any available evidence".Elliott advisors - believes PPG's third proposal sufficiently addresses concerns expressed by boards warrant Akzo Nobel's constructive engagement with PPG.  Full Article

Elliott condemns Akzo Nobel's rejection of EGM
Tuesday, 25 Apr 2017 01:15pm EDT 

April 25 (Reuters) - Elliott Advisors (UK) Limited::Elliott Advisors (UK) Limited condemns Akzo Nobel's <<>> rejection of Extraordinary General Meeting.Says it views Akzo Nobel’s rejection of the EGM request as groundless.Says shareholder feedback apparently indicates that shareholders would vote to remove Mr. Burgmans from his position as chairman of the supervisory board.Says given there is third PPG proposal being considered by Akzo Nobel’s boards, Elliott intends to assess Akzo Nobel’s response to that proposal.Elliott says is confident that the EGM request meets the required standards of reasonableness and fairness, and passes the 'legitimate interest' test.  Full Article

AkzoNobel backs chairman in response to EGM request
Tuesday, 25 Apr 2017 07:30am EDT 

April 25 (Reuters) - Akzo Nobel NV ::AkzoNobel strongly supports chairman in response to EGM request.Supervisory board has concluded that request from Elliott advisers to dismiss chairman does not meet standards required under Dutch law.  Full Article

Elliott Advisors (UK) says is encouraged that Akzo Nobel has stated that it will "carefully review and consider" PPG's latest proposal
Monday, 24 Apr 2017 01:39pm EDT 

April 24 (Reuters) - :Elliott Advisors (UK) says is encouraged that Akzo Nobel has stated that it will "carefully review and consider" PPG's latest proposal.Elliott Advisors (UK) says continues to believe that it is in the interest of all stakeholders for Akzo Nobel's boards to accept PPG's offer.Elliott Advisors (UK) says there can be no reasonable doubt that PPG's revised proposal represents a bona fide proposal from a credible counterparty.  Full Article

Akzo Nobel confirms it has received a third unsolicited and conditional proposal from PPG
Monday, 24 Apr 2017 07:06am EDT 

April 24 (Reuters) - Akzo Nobel Nv :Confirms it has received a third unsolicited and conditional proposal from PPG for all outstanding share capital of company.Board of management and supervisory board of Akzonobel will carefully review and consider PPG proposal.  Full Article

PPG submits revised proposal to AkzoNobel to combine companies
Monday, 24 Apr 2017 06:30am EDT 

April 24 (Reuters) - Ppg Industries Inc :PPG submits revised proposal to Akzonobel to combine companies.Revised proposal includes increased price of eur 96.75 (cum dividend) per Akzonobel ordinary share, an increase of eur 6.75 per share.PPG is prepared to commit to a significant reverse break-up fee to demonstrate confidence that required antitrust approvals can be obtained.Including assumption of net debt and minority interests, proposed transaction is now valued at approximately eur 26.9 billion, or $28.8 billion."PPG believes its revised proposal is vastly superior to Akzonobel's new standalone plan, as articulated on April 19, 2017".Revised proposal provides additional details, significant commitments to ensure combined business serves best interests of akzonobel stakeholders.PPG'S revised proposal is comprised of cash of eur 61.50 and 0.357 shares of PPG common stock.  Full Article

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PRESS DIGEST- British Business - May 30

May 30 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.