New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
December 18, 2014
07:22 EDTPPGPPG Industries price target raised to $260 from $240 at Jefferies
Subscribe for More Information
December 9, 2014
12:33 EDTPPGPPG Industries management to meet with Jefferies
Subscribe for More Information
10:50 EDTPPGPPG Industries to supply Gulfstream windows, assemblies for G500, G600 jets
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use