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AkzoNobel notes the recent announcement from PPG that it has withdrawn its proposal and will not pursue an offer for AkzoNobel.
Ton Büchner, AkzoNobel CEO, said: "We continue to focus on our business, pursuing our strategy of accelerating sustainable growth and profitability and creating two focused, high-performing businesses – Paints and Coatings and Specialty Chemicals. We believe this will lead to a step change in growth and long-term value creation for our shareholders and all other stakeholders.
"Our talented teams around the world continue to develop, produce and deliver the most innovative and sustainable products and services for our customers, and I would like to thank all colleagues for their ongoing commitment.We reiterate our commitment to maintain an open and constructive dialogue with our shareholders and all other stakeholders."
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