Akzo Nobel wins court case filed by shareholders in PPG takeover battle | Reuters

AMSTERDAM A Dutch court on Monday rejected a request by Akzo Nobel (AKZO.AS) investors to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries (PPG.N), handing the Dutch company a victory in its efforts to repel the U.S.

Reuters May 29, 2017 23:00:04 IST
Akzo Nobel wins court case filed by shareholders in PPG takeover battle
| Reuters

Akzo Nobel wins court case filed by shareholders in PPG takeover battle
 Reuters

AMSTERDAM A Dutch court on Monday rejected a request by Akzo Nobel (AKZO.AS) investors to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries (PPG.N), handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion-euro ($28 billion) proposed offer.

(Reporting by Toby Sterling and Bart Meijer; Editing by Greg Mahlich)

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