for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

PPG to buy Finnish paint maker Tikkurila in a $1.35 bln deal

Dec 18 (Reuters) - U.S.-based coatings maker PPG Industries has made an offer to buy Finnish paint producer Tikkurila for a total of 1.1 billion euros ($1.35 billion), the Finnish company said on Friday.

Tikkurila said that the offer represented a premium of about 66.2% to the company’s closing price on Thursday.

“The combination of PPG and Tikkurila is extremely complementary, both geographically and from a decorative brand perspective,” PPG Chief Executive Michael McGarry said.

$1 = 0.8162 euros Reporting by Boleslaw Lasocki. Editing by Jane Merriman

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up