Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals@offshore stockbroker | Stockbroker | Scoop.it

"Dutch paints and coatings maker Akzo Nobel NV (AKZO.AS) rejected a 21 billion euro ($22 billion) bid from larger U.S. rival PPG Industries Inc (PPG.N) on Thursday, saying instead it wanted to "unlock value" by spinning off its chemicals business."