PPG Sweetens Third Akzo Nobel Bid to $29B

The transcript discusses a significant offer made by PPG to Akzo, which is 8% above the last offer and almost $29 million. Akzo has resisted the offer, proposing an alternative plan to split the business into two companies, promising more value to shareholders. PPG is prepared to go hostile, with a deadline to launch a tender offer by June 1st. The complexity of the takeover involves the Stichting, which can influence the outcome. PPG believes in the synergy and cultural fit between the companies, emphasizing sustainability and European market presence.

What is the role of the Stichting in the context of the takeover?

What reasons does PPG provide for believing that the two companies would work better together?