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Tuesday Ticker: Ton Buechner steps down as CEO of AkzoNobel

Ton Buechner (left) has resigned as CEO of AkzoNobel, citing health reasons. Thierry Vanlancker (right), leader of the company’s chemical division, will take his place as part of “emergency contingency planning.”

By Jeff Sanford Toronto, Ontario — July 24, 2017 — In this week’s edition of Tuesday Ticker we look at the recent resignation of AkzoNobel’s CEO Ton Buechner, the impact of rising prices for raw materials on PPG’s results, Sherwin-Williams’ first earnings report since the Valspar acquisition and much, much more! PPG The coatings manufacturer […]

AkzoNobel spurns second offer from PPG

AkzoNobel’s corporate headquarters in Amsterdam. The company has recently rejected a second proposal from PPG.

Amsterdam, Netherlands — March 22, 2017 — AkzoNobel has rejected a second bid from PPG. This offer was significantly higher than the previous offer, about $24.19 billion USD as opposed to $22 billion. An official statement from AkzoNobel says the new proposal does not address the concerns expressed by AkzoNobel’s Boards in rejecting the initial […]

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