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PPG Abandons Bid for Akzo Nobel

“PPG Industries Inc. (PPG) has walked away from a potential $29 billion takeover bid for chemicals group Akzo Nobel NV, the company said Thursday, June 1, after failing to convince a Dutch court to force a shareholder vote to oust its chairman.

…David Fox and Daniel Wolf at Kirkland & Ellis LLP counseled Akzo Nobel.”

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This article appeared in its entirety in the June 1, 2017 edition of The Deal.