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Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals

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

Akzo Nobel rejects $22 billion PPG bid, looks to spin off chemicals
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