Paints major Akzo Nobel India’s parent PPG Industries Inc has raised their bid for Akzo Nobel NV by around 8 per cent a share. The company has submitted a revised proposal for the proposed merger plan, which is now valued at around €26.9 billion.
PPG Industries now plans to acquire the entire stake in Akzo Nobel at €96.75 a share. This is an increase of €6.75 a share from its earlier proposal. Investors will keenly watch the development.
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