Akzo Nobel wins court case filed by shareholders in PPG takeover battle

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Reuters AMSTERDAM
Last Updated : May 29 2017 | 10:42 PM IST

AMSTERDAM (Reuters) - A Dutch court on Monday rejected a request by Akzo Nobel investors to take immediate action against the company over its rejection of a takeover bid by U.S. rival PPG Industries, handing the Dutch company a victory in its efforts to repel the U.S. firm's 25 billion-euro ($28 billion) proposed offer.

(Reporting by Toby Sterling and Bart Meijer; Editing by Greg Mahlich)

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First Published: May 29 2017 | 10:20 PM IST

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