PPG Industries (NYSE:PPG) says Dutch financial regulator AFM will not extend the June 1 deadline for making a tender offer for Akzo Nobel (OTCQX:AKZOF, OTCQX:AKZOY).
The move means PPG must decide by June 1 whether to launch a bid for Akzo's shares or walk away for six months; Reuters reports that PPG's board met today to discuss its options.
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