04.25.17
Some folks just can't take no for an answer. After making a nearly $29 billion unsolicited bid for AkzoNobel, PPG's board said things could get hostile if the rival paint maker won't accept PPG's latest offer.
For its part, AkzoNobel Chairman Antony Burgmans said his board will carefully review and consider the proposals together with its legal and financial advisers.
"As you can imagine, such an analysis takes time," he told shareholders today. "As you can imagine, such an analysis takes time. As long as we are looking into that we cannot elaborate on it.
During the AkzoNobel annual meeting, Burgmans took heat from several investors who urged him to talk to PPG or consider a breakup to unlock value.
For its part, AkzoNobel Chairman Antony Burgmans said his board will carefully review and consider the proposals together with its legal and financial advisers.
"As you can imagine, such an analysis takes time," he told shareholders today. "As you can imagine, such an analysis takes time. As long as we are looking into that we cannot elaborate on it.
During the AkzoNobel annual meeting, Burgmans took heat from several investors who urged him to talk to PPG or consider a breakup to unlock value.