Deal Snapshot
PPG Closes Acquisition of Nordic Paint and Coatings Firm Tikkurila
Friday 11 June 2021

US-based paint and coatings company PPG (NYSE: PPG) has completed its acquisition of all of the shares of Finland-based decorative paint and coatings producer Tikkurila (NASDAQ OMX: TIK1V), the company said.

Tikkurila shareholders received EUR 34.00 in cash for each of the 38,711,646 m shares of Tikkurila tendered. Together with the shares it previously acquired, PPG now controls 97.1% of Tikkurila's issued and outstanding shares. The remaining 2.9% will be acquired through a squeeze out process, which will be initiated promptly.

Date Published: 11/06/2021