22 Mar 2017 --- AkzoNobel has announced it has rejected a second unsolicited, non-binding and conditional proposal of 20 March from PPG Industries Inc. for all of the issued and outstanding ordinary shares in the capital of AkzoNobel. The Dutch paint and chemicals firm AkzoNobel said it had rejected a raised 22.37 billion euro ($24.19 billion) takeover proposal from rival PPG Industries, continuing the trans-Atlantic standoff between the two industrial giants.