Posted by: Windfair Editors
AkzoNobel Proposes to Acquire Tikkurila
Image: PixabayOfficial Press Release Akzo Nobel:
AkzoNobel proposes to acquire Tikkurila for €31.25 per share, to create superior and sustainable value for all stakeholders
Akzo Nobel N.V. has today made a comprehensive non-binding proposal to acquire Tikkurila. The proposed combination of AkzoNobel and Tikkurila would create a strong platform for future growth, better able to serve customers with more innovative and sustainable solutions, building on a shared European heritage.
The proposal includes an all-cash public offer for all issued and outstanding shares of Tikkurila at an offer price of €31.25 per share (“potential offer”) and total equity value of around €1.4 billion. This represents a premium of 113% to Tikkurila’s volume weighted average share price for the undisturbed three-month period ending December 17, 2020 and is 13% higher than the current offer made on January 5, 2021. Thierry Vanlancker,... ... More: Official Press Release Akzo Nobel
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- Akzo Nobel, Tikkurila, offer, merger, stakeholders, platform, Europe, brand, customer, employees, deal, paint, Finland, Nordic
