Could Akzo's Third Snub Turn PPG's Approach Hostile?

The transcript discusses PPG's potential hostile takeover of Axel, highlighting the challenges in the Dutch market. A meeting at Rotterdam Airport reflected Axel's resistance, despite shareholder pressure, particularly from Elliott Management, to negotiate. Axel offers higher dividends to appease shareholders, but PPG may proceed with a hostile approach if no agreement is reached by June 1st.

What is the significance of the June 1st deadline mentioned in the discussion?

What strategies might PPG consider if Axel does not negotiate a deal?

What challenges does the Dutch market present for hostile transactions according to the discussion?

What was the tone of the meeting at Rotterdam Airport as described in the text?

How do the shareholders, particularly Elliott, influence the negotiations between PPG and Axel?