PPG Industries Inc. (PPG) agreed Thursday to spin-off its commodity chemicals business to Georgia Gulf Corp. (GGC) for $2.1 billion in a cash and stock deal.
PPG Industries also reported second quarter adjusted EPS of $2.36 this morning, which fell short of the consensus estimate of $2.37.
PPG Industries gapped open sharply higher Thursday and rose further in the final hour of trade. The stock closed up by 7.77 at $111.96 on the highest volume in over 3 months and broke out to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.