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Akzo Nobel investor USS seeks talks on PPG's revised bid

Published 04/28/2017, 08:59 AM
© Reuters.  Akzo Nobel investor USS seeks talks on PPG's revised bid
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  • One of the U.K.'s biggest pension scheme investors calls on Akzo Nobel (OTCQX:AKZOF, OTCQX:AKZOY) to engage with U.S. suitor PPG Industries (NYSE:PPG) over a revised $29B bid for the company.
  • The Universities Superannuation Scheme, which manages £57B ($73.6B), says the revised is enough for "meaningful and constructive" dialogue.
  • Separately, at Akzo's annual meeting, the company refused a request from a group of shareholders to hold an extraordinary general meeting to discuss the future of Chairman Antony Burgmans.
  • Now read: A Distribution Growth Juggernaut With 50% Upside


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