PPG Industries ups bid for Akzo Nobel to $28.8B

NEW YORK (AP) — PPG Industries is boosting its offer for Akzo Nobel, looking to buy the industrial paints and chemicals company in a cash-and-stock deal valued at about $28.8 billion.

PPG said that it's prepared to make some divestitures if needed to complete the transaction and would have dual listings of the combined company's shares on the New York Stock Exchange and Euronext Amsterdam.