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Stock Market & Financial Investment News

News Breaks
February 1, 2013
04:58 EDTPPG, AXLLPPG announces final proration factor of 14.99% for shares in exchange offer
PPG Industries (PPG) announced the final proration factor of 14.99% for its exchange offer of PPG common stock in connection with the separation of PPG's commodity chemicals business and merger of Eagle Spinco, the entity holding PPG's former commodity chemicals business, with a subsidiary of Georgia Gulf Corporation. On Jan. 28, 2013, a subsidiary of Georgia Gulf Corporation merged with and into Eagle Spinco, with Eagle Spinco surviving the merger. The combined company formed by uniting Georgia Gulf with PPG's former commodity chemicals business is now named Axiall Corporation (AXLL). A total of 68.93M shares of PPG common stock were validly tendered in the exchange offer. All remaining validly tendered shares of PPG common stock were accepted in the exchange on a pro rata basis using the final proration factor. Shares of PPG common stock that were validly tendered but not accepted for exchange will be returned to tendering shareholders.
News For PPG;AXLL From The Last 14 Days
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February 26, 2015
09:22 EDTAXLLAxiall sells Specialty Phosgene Derivatives business assets to Altivia
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09:17 EDTAXLLAxiall signs agreement to sell La Porte facility to Altivia
Axiall signed a definitive agreement to sell its La Porte, Texas, chemical manufacturing facility to ALTIVIA Chemicals. Financial terms of the agreement, which is subject to customary closing processes, were not announced. The transaction is expected to close within 45 days. The Axiall facility at La Porte manufactures phosgene and its derivatives, which are used in the polymer, pharmaceutical and agricultural chemicals industries. ALTIVIA Specialty Chemicals, is a manufacturer and distributor of chemicals used primarily for municipal and industrial water treatment, oil field drilling and production operations, and pulp and paper production.
February 25, 2015
10:01 EDTAXLLOn The Fly: Analyst Upgrade Summary
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06:39 EDTAXLLAxiall upgraded to Sector Perform from Underperform at RBC Capital
February 20, 2015
10:19 EDTAXLLAxiall price target raised to $55 from $48 at Goldman
Goldman raised Axiall's price target to $55 following the Q4 report and the disclosure it has filed a PLR with the IRS to create the first chlor-alkali MLP. The firm believes the MLP could unlock up to $10 per share in value and reiterates its Buy rating.
February 19, 2015
10:32 EDTAXLLHigh option volume stocks:
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10:26 EDTAXLLAxiall rises as MLP potential discussed during earnings call
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10:17 EDTAXLLAxiall jumps 6% to $49.43 during earnings conference call
February 18, 2015
19:23 EDTAXLLAxiall reports Q4 adjusted EPS 19c, consensus 16c
Reports Q4 revenue $1.07B, consensus $1.14B.

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