PPG Executives and Directors Participated in Split-off Exchange Offer for Commodity Chemicals Business
PITTSBURGH--(BUSINESS WIRE)--
PPG Industries (NYSE:PPG) today 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. 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.
All PPG shareholders had the option to exchange any percentage of their
shares of PPG common stock for shares of Eagle Spinco common stock.
Shares of Eagle Spinco common stock automatically converted into shares
of Axiall Corporation common stock. PPG executives and directors
participated in the exchange offer as PPG shareholders and according to
the same terms as all other PPG shareholders.
The exchange offer expired and the merger closed on Jan. 28, 2013.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries' vision is to continue to be the world’s leading coatings
and specialty products company. Through leadership in innovation,
sustainability and color, PPG helps customers in industrial,
transportation, consumer products, and construction markets and
aftermarkets to enhance more surfaces in more ways than does any other
company. Founded in 1883, PPG has global headquarters in Pittsburgh and
operates in nearly 70 countries around the world. Sales in 2012 were
$15.2 billion. PPG shares are traded on the New York Stock Exchange
(symbol: PPG). For more information, visit www.ppg.com.
Bringing innovation to the surface is a trademark of PPG
Industries Ohio, Inc.
PPG Industries, Inc. Jeremy Neuhart, PPG Corporate Communications,
412-434-3046 neuhart@ppg.com or Investors: Vince
Morales, PPG Investor Relations, 412-434-3740 vmorales@ppg.com
Press Release $PPG PPG Industries Inc.
PITTSBURGH--(BUSINESS WIRE)-- PPG Industries (NYSE:PPG) today 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. 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.
All PPG shareholders had the option to exchange any percentage of their shares of PPG common stock for shares of Eagle Spinco common stock. Shares of Eagle Spinco common stock automatically converted into shares of Axiall Corporation common stock. PPG executives and directors participated in the exchange offer as PPG shareholders and according to the same terms as all other PPG shareholders.
The exchange offer expired and the merger closed on Jan. 28, 2013.
PPG: BRINGING INNOVATION TO THE SURFACE.(TM)
PPG Industries' vision is to continue to be the world’s leading coatings and specialty products company. Through leadership in innovation, sustainability and color, PPG helps customers in industrial, transportation, consumer products, and construction markets and aftermarkets to enhance more surfaces in more ways than does any other company. Founded in 1883, PPG has global headquarters in Pittsburgh and operates in nearly 70 countries around the world. Sales in 2012 were $15.2 billion. PPG shares are traded on the New York Stock Exchange (symbol: PPG). For more information, visit www.ppg.com.
Bringing innovation to the surface is a trademark of PPG Industries Ohio, Inc.
PPG Industries, Inc.
Jeremy Neuhart, PPG Corporate Communications, 412-434-3046
neuhart@ppg.com
or
Investors:
Vince Morales, PPG Investor Relations, 412-434-3740
vmorales@ppg.com
Source: PPG Industries, Inc.