PPG Extends Tender Offer Period for Tikkurila
PPG (NYSE:PPG) today announced that it is extending the tender offer period for all issued and outstanding shares of Tikkurila Oyj (NASDAQ OMX:TIK1V) to May 11, 2021. The tender offer period, which commenced on January 15, 2021, was most recently scheduled to expire on April 14, 2021.
As previously announced, the European Commission and the Ministry of Economic Affairs and Employment of Finland each have granted approval of the tender offer. The European Commission's merger control approval applies without conditions across the European Union, including Poland. In addition, the Agency for Protection and Development of Competition of the Republic of Kazakhstan has now granted approval of PPG's acquisition of Tikkurila.