Aug
16
Akzo Nobel Ends Feud With Elliott Management
ByLONDON — Akzo Nobel, the Dutch paint and chemicals company, said on Wednesday that it had reached a truce with Elliott Management, ending a dispute that had been the latest example of an activist investor looking to reshape a major business.
The dispute had centered on repeated efforts by PPG Industries, an American rival, to take over Akzo Nobel, which counts Dulux paint among its brands. Akzo Nobel rebuffed the approaches, and PPG abandoned its pursuit in June…