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News Breaks | | | | February 1, 2013 | | 04:58 EDT |  | PPG, AXLL | PPG 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. | |
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News For PPG;AXLL From The Last 14 Days Check below for free stories on PPG;AXLL the last two weeks. |
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| May 17, 2013 | | 09:30 EDT | | PPG | PPG says court issues opinion on Pittsburgh Corning reorganization
 Subscribe for More Information | | | May 9, 2013 | | 05:47 EDT |  | AXLL | Axiall sell-off on Q1 results overdone, says Citigroup
Citigroup believes Axiall's long-term story remains intact and views the stock sell-off following the company's Q1 miss as overdone. Citi lowered its price target for shares to $60 from $69 but keeps a Buy rating on the name. | | | May 8, 2013 | | 15:33 EDT |  | AXLL | Axiall upgraded to Buy from Neutral at SunTrust
| | | 12:00 EDT |  | AXLL | Axiall falls 15.4%
Subscribe for More Information | | | 09:24 EDT | | AXLL | On The Fly: Pre-market Movers
UP AFTER EARNINGS: Myriad Genetics (MYGN), up 9%... Electronic Arts (EA), up 7.4%... Cognizant (CTSH), up 5.2%. ALSO HIGHER: Whole Foods (WFM), up 8.5% after earnings, raising guidance, announcing two-for-one stock split... BlackBerry (BBRY), up 2% after Macquarie says stock setting up for bounce and Jefferies says Q10 demand remains robust... Delta (DAL), up 0.7% after initiating 6c dividend, authorizing $500M share buyback. DOWN AFTER EARNINGS: ValueClick (VCLK), down 20%... Axiall (AXLL), down 8.4%... Zillow (Z), down 5.1%... SodaStream (SODA), down 6%... Symantec (SYMC), down 5.8%... AOL (AOL), down 4.6%. ALSO LOWER: Fusion-io (FIO), down 26% after resignations of CEO, Chief Marketing Officer. | | | 09:00 EDT | | AXLL | Axiall falls 10.6%
Axiall is down 10.6%, or $6.01, to $50.50 | | | May 7, 2013 | | 19:34 EDT |  | AXLL | Axiall reports Q1 adjusted EPS 75c, consensus $1.17
Reports Q1 revenue $1.06B, consensus $1.13B. | |
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