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PPG and Tikkurila Agree on Improved Recommended Offer


Press release content from Business Wire. The AP news staff was not involved in its creation.
PPG and Tikkurila Agree on Improved Recommended Offer
February 4, 2021 GMT
PITTSBURGH (BUSINESS WIRE) Feb 4, 2021
PPG (NYSE:PPG) and Tikkurila (NASDAQ OMX:TIK1V) today announced the companies have entered into an amendment to the previously announced definitive combination agreement, pursuant to which PPG will improve its recommended offer to acquire all issued and outstanding stock of Tikkurila in an all-cash transaction. Under the improved offer, Tikkurila shareholders would receive €34.00 in cash for each share of Tikkurila stock they own, for a total transaction value of approximately €1.52 billion, including the assumption of debt and cash. ....

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