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PPG Extends Tender Offer Period for Tikkurila

The tender offer, which commenced on Jan. 15, 2021, was initially scheduled to expire on March 15, 2021.

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By: Anthony Locicero

Copy Editor, New York Post, Rodman Media

PPG announced that it is extending its tender offer period for all issued and outstanding shares of Tikkurila Oyj to March 30, 2021. 
 
The tender offer, which commenced on Jan. 15, 2021, was initially scheduled to expire on March 15, 2021.
 
As previously announced, the European Commission granted unconditional approval of the transaction on March 10, 2021. 
 
The offer remains subject to the receipt of other regulatory approvals, which PPG anticipates receiving within the extension period.
 
PPG will provide additional updates on or shortly after the extended tender offer expires on March 30, and expects to close the acquisition shortly thereafter.

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