PPG announced that the Ministry of Economic Affairs and Employment of Finland has approved PPG’s tender offer for the outstanding shares of Tikkurila Oyj.
The approval is an important milestone and further enhances the certainty of PPG completing the tender offer, the company said.
The tender offer remains subject to additional customary conditions to completion, including the valid tender of shares representing, together with shares otherwise held by PPG and its subsidiaries, more than 66.7% of the outstanding shares.
PPG said it will provide additional updates on or shortly after the extended tender offer period expires on March 30, 2021.
Additional details about the approval are contained in the Nasdaq Helsinki stock exchange release.
