New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 27, 2012
13:36 EDTPPG, GGCPPG begins exchange offer for split-off of commodity chemicals business
PPG Industries (PPG) announced that it has commenced its exchange offer related to the split-off transaction of its commodity chemicals business. The split-off transaction is in connection with the previously announced separation and merger of Eagle Spinco, a wholly-owned subsidiary of PPG that will own substantially all of the assets and liabilities of PPG’s commodity chemicals business, with a subsidiary of Georgia Gulf Corporation (GGC). PPG shareholders have the option to exchange all, some or none of their shares of PPG common stock for shares of Eagle Spinco common stock, subject to proration. Shares of Eagle Spinco common stock will convert automatically into the right to receive shares of Georgia Gulf common stock at the closing of the merger of a Georgia Gulf subsidiary with and into Eagle Spinco, which is expected to occur promptly after completion of the exchange offer. Tendering PPG shareholders are expected to receive approximately $1.11 of Georgia Gulf common stock for every $1.00 of PPG common stock tendered, subject to an upper limit. PPG will determine the prices at which shares of PPG common stock and shares of Eagle Spinco common stock, and ultimately Georgia Gulf common stock, will be exchanged by reference to the simple arithmetic average of the daily volume-weighted average prices of PPG common stock and Georgia Gulf common stock, respectively, on the New York Stock Exchange on each of the last three trading days of the exchange offer. PPG currently expects to issue approximately 35,236,010 shares of Eagle Spinco common stock in the exchange offer. The exact number of shares of Eagle Spinco common stock to be issued will be equal to the greater of 35,200,000 or 1.02020202 times the number of shares of Georgia Gulf common stock outstanding immediately prior to the merger. The exchange offer and withdrawal rights are scheduled to expire at 8:00 a.m., New York City time, on January 28, 2013, unless the exchange offer is extended or terminated.
News For PPG;GGC From The Last 14 Days
Check below for free stories on PPG;GGC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2014
14:14 EDTPPGPPG Industries continues to evaluate potential acquisitions
PPG Industries held its annual meeting of shareholders in Pittsburgh, where Chairman and CEO Charles E. Bunch spoke about the company’s recent strategic progress and record financial performance. Looking ahead, Bunch said, “Our focus this year remains on growing the company. To help drive growth in each of our businesses and regions, we are continuing to evaluate potential acquisitions; expanding our organic capital spending; emphasizing our new product development pipeline; investing more in PPG’s brands; and continuing to expand our sustainability initiatives across the world.”
09:15 EDTPPGPPG Industries board authorizes $2B share repurchase program
Subscribe for More Information
08:53 EDTPPGPPG Industries increases dividend to 67c from 61c
Subscribe for More Information
08:11 EDTPPGPPG Industries reports Q1 adjusted EPS $1.98, consensus $1.87
Reports Q1 revenue $3.6B, consensus $3.63B.
April 7, 2014
11:05 EDTPPG High option volume stocks: EXC QCOR SQQQ GNK PPG
Subscribe for More Information
April 3, 2014
11:19 EDTPPGRPM hits 52-week high after raising full year profit outlook
Shares of specialty chemical, paint, and coating maker RPM (RPM) are rallying after the company raised its fiscal 2014 profit outlook. WHAT'S NEW: This morning, RPM reported third quarter earnings per share of 12c and revenue of $863.4M, compared to expectations of 9c and $877.67M, respectively. RPM raised its FY14 EPS view to $2.10-$2.15 from $2.05-$2.10, compared to consensus of $2.11. It also forecast FY14 industrial sales growth of 4%-6% and consumer sales growth of 8%-10%. The company cited stronger than anticipated leverage in its industrial segment, resulting from solid performance in Europe and businesses serving U.S. construction markets, as the reason for the improved outlook. PRICE ACTION: In late morning trading, RPM rose $2.03, or 4.8%, to $44.20 on heavy trading volume. Earlier in the session, the stock hit a fresh 52-week high of $45.47. Including today's advance, the stock is up approximately 43% over the past twelve months. OTHERS TO WATCH: Other companies in the paint and coatings space include PPG Industries (PPG), Valspar (VAL), and Sherwin Williams (SHW).

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

I agree to the disclaimer & terms of use