Activist investor Elliott Management Corp said Friday it was seeking to remove Akzo Nobel Chairman Antony Burgmans because of the board’s handling of the failed $27.6 billion bid from PPG Industries Inc. Citing shareholder dissatisfaction, a unit of Elliott has filed a joint petition to the Interim Relief Court in the Netherlands to convene a general meeting of shareholders to vote on the dismissal of Mr. Burgmans.

Source: Wall Street Journal July 07, 2017 07:51 UTC