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Stock Market & Financial Investment News

News Breaks
December 21, 2012
08:13 EDTPPG, GGCGeorgia 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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July 16, 2015
15:58 EDTPPGHome improvement stocks slide after Sherwin-Williams cuts view
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09:20 EDTPPGPPG Industries names Michael McGarry as president and CEO, effective Sept. 1
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06:54 EDTPPGPPG Industries reports Q2 Performance Coatings sales up 3% to $2.41B
Reports Q2 Industrial Coatings sales down 3% to $1.41B. Reports Q2 Glass sales down 3% to $279M.
06:54 EDTPPGPPG Industries sees global economic growth to continue but remain uneven.
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06:53 EDTPPGPPG Industries on track with earnings accretive cash development targets
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06:52 EDTPPGPPG Industries reports unfavorable ForEx reduced Q2 sales by 7%, or $320M
06:51 EDTPPGPPG Industries reports Q2 adjusted EPS $1.67, consensus $1.64
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July 15, 2015
14:53 EDTPPGNotable companies reporting before tomorrow's open
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