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AkzoNobel to accelerate growth and value creation

AkzoNobel to accelerate growth and value creation

May 8, 2017Decision follows extensive review and careful consideration of third unsolicited proposal from PPG, including direct engagement with Board members of PPGAkzoNobel N.V. (AKZA.AS; AKZOY)AkzoNobel today announces it has declined a third unsolicited, non-binding and conditional proposal submitted by PPG Industries on April 24, 2017, for all outstanding ordinary shares in the capital of AkzoNobel.AkzoNobel has concluded its own strategy, presented on April 19, 2017, offers a superior route to growth and long-term value creation and is in the best interests of shareholders and all other stakeholders.This decision follows considerable in-depth analysis of PPG's proposal by the Supervisory Board and Management Board of AkzoNobel, working closely with their financial and legal

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