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Industry reels as soaring costs across sectors hit profit margins
Companies sell off businesses to focus on speciality areas such as Covid vaccine ingredients
Europe’s biggest paintmaker looks to keep pledges made in €27bn takeover battle
US company and Dutch rival scrap discussions after Japanese group’s all-cash offer
Deal will create obstacle to any renewed takeover attempt from PPG Industries
Keeping the US company’s managers on board will make the deal more polished
Ton Büchner’s departure, due to ill health, may make an eventual takeover more likely
M&A buoyed by economic optimism in spite of more cautious Chinese activity
JPMorgan settles with Good; PPG and Akzo Nobel; AIB, CVC, and Barclays in the news
Welcome to Due Diligence, the FT’s daily deals briefing
It is unclear what more the US suitor could have done to seal a deal
PPG chief outmanoeuvred by Dutch rival Büchner in bitter €26.9bn takeover tussle
Withdrawal of €27bn bid marks latest failure of a US group targeting Europe
Wave of deals across the diverse industry is being spurred by chance to cut costs
Rebuff for activist investor raises prospect of PPG going hostile with €27bn bid
Dutch court due to rule on Monday on hedge fund’s request for special shareholder meeting
Hedge fund seeks to force Dutch paintmaker to enter takeover talks with PPG
It’s déjà vu all over again for Hugh Grant
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