PPG’s proposed takeover of AkzoNobel continues to come under the spotlight with news of shareholders urging the Dutch company to talk with its American rivals. PPG offered a revised €22.7m bid earlier this week, which AkzoNobel rejected. It said the ‘unsolicited proposal’ didn’t warrant engagement and that there was a ‘significant cultural gap’ between the two [...]

AkzoNobel has rejected a second unsolicited, non-binding and conditional proposal from PPG Industries Inc. According to AkzoNobel the proposal fails to reflect the current and future value of the business, and also neglects to address the significant uncertainties and risks for shareholders and other stakeholders. The Management Board and Supervisory Board of AkzoNobel, together with [...]

PPG is preparing another bid for AkzoNobel after its first attempt failed earlier in March, according to Bloomberg. AkzoNobel previously rejected a $22.1bn takeover proposal from PPG, saying the offer ‘substantially undervalues’ the company. PPG, however, called the bid an ‘attractive and comprehensive proposal’. However, any possible takeover is facing growing opposition in the company’s [...]

An Australian state is set to begin autonomous vehicle trials for its airport and one of its public universities. The South Australian Government has announced AU$5.6m in funding for driverless shuttle and pod trials to take place in its capital Adelaide. This will include $1m for Adelaide Airport to trial three electric driverless shuttles operating [...]