We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pandora Media, Inc. | NYSE:P | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.38 | 0.00 | 01:00:00 |
By Ian Walker
Akzo Nobel N.V. (AKZA.AE), the Dutch paints and speciality chemicals firm fighting off a $24 billion takeover approach from U.S. peer PPG Industries Inc. (PPG), said Tuesday it will outline its plans to split the business at an investor update on April 19.
Akzo, which previously announced that it would separate its speciality chemicals business, said it will also provide updated financial guidance and growth plans, demonstrating the benefits of two focused businesses.
"Our new strategy will further unlock the value within the company, including the creation of two focused businesses," Chief Executive Ton Buchner said.
"We are best placed to deliver these plans ourselves, building on the existing momentum we have within the company. We look forward to sharing more details on our vision of the future for AkzoNobel," he added.
Just last week Akzo rejected a second, sweetened takeover offer by PPG of 88.72 euros a share, up from the earlier offer of EUR83.
Since then at least two of its shareholders--Causeway Capital Management LLC U.S. activist investor Elliott Management Corp--have urged the company to start talks with PPG.
Elliott owns a 3% stake in Akzo, while Causeway is Akzo's largest shareholder with a stake of around 6.8%.
-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749
-0-
(END) Dow Jones Newswires
March 28, 2017 02:46 ET (06:46 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
1 Year Pandora Chart |
1 Month Pandora Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions