in this issue
Chemical Week Magazine :: Top of the Week
PPG to Merge Commodity Chemicals with Georgia Gulf
8:12 AM MDT | July 20, 2012 | —Natasha Alperowicz
PPG Industries has agreed to merge its commodity chemicals business with Georgia Gulf in a deal valued at $2.1 billion. The deal calls for PPG’s commodity business to be distributed to PPG shareholders through a tax-free spin-off. The separated business would then immediately merge with Georgia Gulf. PPG shareholders will own 50.5% of the shares of Georgia Gulf; existing Georgia Gulf shareholders will own approximately 49.5%. The deal comes just two months after Westlake Chemical abandoned a $1.3-billion unsolicited bid to buy Georgia Gulf (CW, May 14, p...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee