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People & Business :: M&A
PPG to Merge Commodity Chemicals with Georgia Gulf in $2.1-Billion Deal
7:11 AM MDT | July 19, 2012 | Natasha Alperowicz
PPG Industries and Georgia Gulf Corp. announced today that the board of each company has approved definitive agreements under which PPG will separate its commodity chemicals business and merge it with Georgia Gulf. The proposed business combination is expected to deliver enhanced value for the shareholders of each company, PPG and Georgia Gulf say. The move follows an unsuccessful attempt by Westlake Chemical to acquire Georgia Gulf. Westlake earlier this year abandoned its $1.3-billion unsolicited bid to buy Georgia Gulf. PPG will form a new company by...
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