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BRIEF-Elliott Advisors limited condemns Akzo Nobel's rejection of third PPG proposal

May 9 Elliott Advisors-

* Elliott advisors limited condemns Akzo Nobel N.V.'s rejection of third PPG proposal; has filed petition with enterprise chamber regarding EGM

* Elliott - Considers reasons outlined by Akzo Nobel's boards for declining PPG's third proposal to be "unconvincing and unsupported by any available evidence"

* Elliott advisors - believes PPG's third proposal sufficiently addresses concerns expressed by boards warrant Akzo Nobel's constructive engagement with PPG Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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