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Stock Market & Financial Investment News

News Breaks
December 21, 2012
08:13 EDTGGC, PPGGeorgia Gulf says PPG Industries gets favorable IRS ruling on planned deal
Georgia Gulf Corporation (GGC) announced that a favorable private letter ruling has been received by PPG Industries (PPG) from the U.S. Internal Revenue Service with respect to the previously announced separation of PPG’s commodity chemicals business and subsequent merger of a newly formed company owning the commodity chemicals business with a subsidiary of Georgia Gulf Corporation. The receipt of the ruling is a closing condition and an important milestone in moving towards completion of the transaction, Georgia Gulf said. If approved by Georgia Gulf’s shareholders at its special meeting, the merger is expected to close in late January 2013. The terms of the proposed transaction call for PPG to form a new company by separating its commodity chemicals business through a spinoff or split off, and then immediately thereafter merging that business with a Georgia Gulf subsidiary in a Reverse Morris Trust transaction. The proposed merger would result in PPG shareholders receiving approximately 50.5% of the shares of the merged company, with existing Georgia Gulf shareholders owning approximately 49.5% of the newly merged company.
News For GGC;PPG From The Last 14 Days
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October 22, 2014
11:21 EDTPPGPPG Aerospace supplying production, spare windows for Embraer KC-390
PPG Industries’ (PPG) aerospace transparencies group is designing windshields for the KC-390 military transport aircraft. PPG is under contract with Embraer (ERJ) Defense and Security to design and manufacture production and spare windshields, side cockpit windows and fuselage windows for the KC-390 aircraft. Embraer expects the aircraft to enter service in 2016.
07:00 EDTPPGPPG Industries management to meet with Deutsche Bank
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October 21, 2014
07:45 EDTPPGPPG Industries management to meet with Deutsche Bank
Meeting to be held in Frankfurt on October 21 hosted by Deutsche Bank.
October 20, 2014
11:24 EDTPPGPPG acquires Westmoreland Supply, terms not disclosed
PPG Industries announced that its North American architectural coatings business has reached a definitive agreement to acquire Westmoreland Supply. The transaction is expected to close in Q4, subject to customary closing conditions. Financial terms were not disclosed. The acquisition of Westmoreland Supply will expand PPG’s North American company-owned stores footprint. Following completion of the acquisition, the locations will operate as part of PPG’s network of more than 900 company-owned stores in North America, and will be rebranded under the company’s new PPG Paints store brand.
07:11 EDTPPGPPG Industries upgraded to Buy from Neutral at SunTrust
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05:41 EDTPPGPPG Industries expands sealants capabilities at ASC in Germany
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October 16, 2014
14:59 EDTPPGPPG Industries says anticipating normal seasonal trends for Q4
Says Q4 is typically the company's slowest. Says recent drop in oil prices not an immediate benefit. Says seeing modest raw material increases. Says not envisioning any re-pricing of pending Comex acquisition due to recent stock market drop. Says will continue share buybacks in Q4 at a "higher level." Says expects to raise buybacks if deals less than expected. Says deadline for Mexico Comex decision is mid-December. Comments from company's Q3 earnings conference call.
08:13 EDTPPGPPG Industries still sees closing Comex deal in Q4
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08:12 EDTPPGPPG Industries reports Q3 adjusted EPS $2.82, consensus $2.75
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October 15, 2014
15:28 EDTPPGNotable companies reporting before tomorrow's open
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October 13, 2014
09:08 EDTPPGMexico's FECC says extending review timeline for PPG's Comex acquisition
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October 9, 2014
10:00 EDTPPGOn The Fly: Analyst Initiation Summary
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