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PPG Completes Purchases From Certain Major Tikkurila Shareholders
February 8, 2021 GMT
PITTSBURGH--(BUSINESS WIRE)--Feb 8, 2021--
PPG (NYSE:PPG) today announced that on Feb. 5, 2021 it completed the purchase of shares in Tikkurila (NASDAQ OMX:TIK1V) held by Varma Mutual Pension Insurance Company, Mandatum Life Insurance Company Limited and Kaleva Mutual Insurance Company. These shares represent, in the aggregate, approximately 9.32% of the shares in Tikkurila. PPG completed the purchases at the tender offer price of €34 per share for a combined purchase price of approximately €140 million.