PPG to Acquire Tikkurila, a Leading Nordic Paint and Coatings Company Published : Thursday, December 17, 2020, 11:30 pm ACROFAN=Businesswire | webmaster@businesswire.com | SNS
PITTSBURGH (BUSINESS WIRE) PPG (NYSE:PPG) today announced that it has entered into a definitive agreement to acquire Tikkurila (NASDAQ OMX: TIK1V) in an all-cash transaction. Under the terms of the agreement, PPG will commence a tender offer to acquire all of the issued and outstanding stock of Tikkurila. Pursuant to the offer, Tikkurila shareholders will receive €25.00 in cash for each share of Tikkurila stock they own, for a total transaction value of approximately €1.1 billion, including the assumption of debt and cash. The transaction is expected to close in the second quarter of 2021, subject to customary closing conditions.
PPG to Acquire Tikkurila, a Leading Nordic Paint and Coatings Company – IT Business Net
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PPG : to Acquire Tikkurila, a Leading Nordic Paint and Coatings Company
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