Elliott Makes Fresh Move Against Akzo Chairman

7/7/17

By Yoel Minkoff, SeekingAlpha

Is the fight still going? Elliott Advisers is again seeking to remove the chairman of Akzo Nobel (OTCQX:AKZOY) over his handling of a €26.3B takeover proposal from PPG Industries (NYSE:PPG).

The investor, which holds a 9.5% stake in the paint giant, is seeking an extraordinary general meeting through an interim relief court lawsuit.

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