|Day Low/High||30.14 / 30.39|
|52 Wk Low/High||20.21 / 30.64|
Akzo Nobel looks set overhaul management under activist pressure
Akzo Nobel CEO Buchner leaves after five years
Elliott is again seeking to remove the chairman of AkzoNobel, the activist investor said Friday, and will push for an extraordinary general meeting through an interim relief court lawsuit.
Akzo CEO Ton Büchner must now execute on the profitability promises that were made when defending the split to be the operative move over the buyout.
Under Dutch law, PPG can bid again in six months.
European stocks were buoyed Thursday by an automotive sector in rude health, recovering commodity prices and the latest developments in Britain's election campaign.
PPG Abandons $29 Billion Takeover Bid For AkzoNobel
U.S. stock futures suggest Wall Street will open with slight gains on Thursday, rebounding from losses in the previous session.
PPG Industries has walked away from a potential $29 billion takeover of AkzoNobel after failing to convince a Dutch court to force a shareholder vote to oust its chairman.
On Monday a Netherlands court ruled in favor of paint and coating company Akzo Nobel in a legal battle with U.S. activist investor Elliott Management.
AkzoNobel traded lower in Amsterdam Tuesday after an arbitration panel in the Netherlands rejected an attempt by PPG Industries PPG to force a shareholder vote to oust its chairman.
Revelations about President Trump's son-in-law Jared Kushner continue to hang over the White House.
European Stocks Slide As Investors Remove Risk After A Three-Day Break
European stocks are expected to drift lower Tuesday as investors rekindle political concerns in the region and focus on currency markets ahead of German and U.S. inflation data.
An arbitration panel in the Netherlands has ruled in favor of AkzoNobel NV as it attempts to fend off a $29 billion takeover approach from PPG Industries.
Lanxess AG shares rose the most in more than eight months Monday after Warren Buffett's General Reinsurance AG group said it had acquired a stake in the German chemicals company.
PPG will sell its remaining fiberglass operations to Nippon Electric Glass.
Shareholders of Dutch chemical maker Akzo Nobel are taking the company to court.