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PPG Extends Olive Branch to Akzo Nobel as Takeover Meeting Remains Elusive

PPG Industries (PPG) extended an olive branch in its contentious pursuit of Akzo Nobel NV (AKZOY) Wednesday with an offer to address "specific" concerns related to its $26 billion takeover approach.

PPG has applied heavy media pressure on Akzo Nobel management over the past weeks in an effort to put its CEO Michael McGarry in the same room with Ton Buchner, his opposite number at the Dutch chemicals group, in order to hammer out a deal and today said it would be willing to...