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AkzoNobel Confirms Receipt of Proposal from PPG

By: Catherine Diamon

AkzoNobel N.V. has confirmed that it has received a third unsolicited and conditional proposal from PPG for all outstanding share capital of the company. In accordance with its fiduciary duties and acting under the Dutch governance code the Board of Management and Supervisory Board of AkzoNobel will carefully review and consider this proposal.

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