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Stock Market & Financial Investment News

News Breaks
February 1, 2013
08:12 EDTPPG, GGC, AXLLPPG executives participated in split-off exchange offer for comodity chemicals
PPG Industries (PPG) announced that certain company executives and directors participated in the previously announced exchange offer related to the separation of its commodity chemicals business. The exchange offer was in connection with the separation of Eagle Spinco Inc., a wholly-owned subsidiary of PPG that owned substantially all of the assets and liabilities of PPG’s commodity chemicals business, and the subsequent merger of Eagle Spinco Inc. with a subsidiary of Georgia Gulf Corporation (GGC). The combined company formed by the merger is named Axiall Corporation and is traded on the New York Stock Exchange under the ticker symbol AXLL.
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July 18, 2014
09:02 EDTPPGPPG Industries to sell Mt. Zion float glass manufacturing facility
PPG Industries announced that it has reached a definitive agreement to sell substantially all the assets of its Mt. Zion, Illinois, glass manufacturing facility to automotive glass manufacturer Fuyao Glass America Inc. The sale is expected to close in the third quarter 2014, subject to customary closing conditions. Financial terms were not disclosed. The sale of the Mt. Zion facility is consistent with the strategic initiative by PPG’s flat glass business to focus on its higher-technology, coated glass capabilities for residential and commercial construction application.
July 17, 2014
11:41 EDTPPGPPG Industries names Michael McGarry as COO, effective August 1
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08:14 EDTPPGPPG remains 'highly focused' on deploying 'strong' cash position
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08:13 EDTPPGPPG reports Q2 adjusted EPS from cont. ops $2.83, consensus $2.77
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