Benzinga | Mar 15, 2021 08:00AM EDT

PPG Extends Tender Offer Period For Tikkurila To Mar. 30

PPG (NYSE:PPG) today announced that it is extending its tender offer period for all issued and outstanding shares of Tikkurila Oyj (NASDAQ OMX:TIK1V) to March 30, 2021. The tender offer, which commenced on January 15, 2021, was initially scheduled to expire March 15, 2021.

As previously announced, the European Commission granted unconditional approval of the transaction on March 10, 2021. The offer remains subject to the receipt of other regulatory approvals, which PPG anticipates receiving within the extension period.

PPG will provide additional updates on or shortly after the extended tender offer expires on March 30, and expects to close the acquisition shortly thereafter.

Additional details about the extension are contained in the attached Nasdaq Helsinki stock exchange release.