Ton Büchner, the Akzo Nobel chief executive, said on a conference call with journalists: “We at Akzo Nobel will continue to focus on our business, pursuing our strategy of accelerating sustainable growth, profitability<br />and creating two focused, high-performing businesses: paints and coatings and specialty chemicals.”<br />He continued, “We believe this will lead to a step change in growth and long-term value creation for our shareholders and all other stakeholders.”<br />He also said the company remained committed to having an “open<br />and constructive dialogue” with its shareholders after a vocal group of shareholders pushed for merger talks.<br />PPG Drops Its Pursuit of Akzo Nobel -<br />By CHAD BRAYJUNE 1, 2017<br />LONDON — The American paint and chemicals giant PPG Industries said on Thursday<br />that it had dropped its monthslong pursuit of Akzo Nobel, the Dutch maker of Dulux paint, after failing to persuade its rival’s management to engage in merger talks.
