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PPG Drops Its Bid for Akzo After Running Into a Dutch Wall

PPG Akzo Akzo Nobel Unilever

PPG Industries Inc. Chief Executive Officer Michael McGarry Holds News Conference To Discuss Akzo Proposal (Credit: Bloomberg Bloomberg via Getty Images)

U.S. paints and coatings maker PPG Industries (PPG) has dropped its attempt to buy Dutch rival Akzo Nobel

Read: How Akzo Nobel Plans to Thwart Its Unwanted Takeover Bid From U.S. Rival PPGRead: Why Broken-Off Mergers Can Be Big Wins for InvestorsAkzo shares stood at 64.42 on March 8 before news of an approach broke.Read: Doing Well by Doing Good Can Be Hard - Ask UnileverUnilever

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A news helicopter covering a deadly bus crash in the Los Angeles neighbourhood of Chatsworth came down on Tuesday, killing three people, including a pedestrian.

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The Times of India

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New French ambassador to US cleared to take up post after diplomatic spat

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