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AkzoNobel proposes to acquire Tikkurila for € 31.25 per share , to create superior and sustainable value for all stakeholders AkzoNobel akzonobel.com/en/media/latest-news---media-releases-/akzonobel-proposes-to-acquire-tikkurila-for--31-25-per share -- to Media release January 18 , 2020 WW WAN | Akzo Nobel N.V. ( AKZA ; AKZOY ) has today made a comprehensive non binding proposal to acquire Tikkurila . The proposed combination of AkzoNobel and Tikkurila would create a strong platform for future growth , better able to serve customers with more innovative and sustainable solutions , building on a shared European heritage . The proposal includes an all - cash public offer for all issued and outstanding shares of Tikkurila at an offer price of € 31.25 per share ( " potential offer " ) and total equity value of around € 1.4 billion . This represents a premium of 113 % to Tikkurila's volume weighted average share price for the undisturbed three - month period ending December 17 , 2020 and is 13 % higher than the current offer made on January 5 , 2021 . 1/6