Updated statement of the Board of Directors of Tikkurila Oyj regarding the recommended voluntary public cash tender offer by PPG Industries, Inc.
TIKKURILA OYJTENDER OFFER February 11, 2021 at 3.30 p.m. (EET) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. On December 18, 2020, PPG Industries, Inc. (the “Offeror” or “PPG”) and Tikkurila Oyj (“Tikkurila” or the “Company”) announced that they have entered into a combination agreement (the “Combination Agreement”), pursuant to which the Offeror will make a