IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Chemical Industry Weekly News Round-Up, July 20

2:34 PM MDT | July 20, 2012 | Vincent Valk

This Week on CW: PPG is planning to merge its commodity chemicals business with Georgia Gulf, in a deal worth $2.1 billion. The deal involves $900 million in cash to be paid to PPG, and $1 billion in Georgia Gulf shares to be received by PPG shareholders. PPG shareholders will own 50.5% of the merged company, which will be managed by Georgia Gulf's leadership team. Early second-quarter earnings were mixed, and analysts expect earnings season to show slowing growth. Most analysts have cut estimates. Olin has acquired KA Steel, a caustic soda distributor and bleach...

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