PPG Industries Inc. (PPG) announced early Friday morning that it has reached a definitive agreement to acquire the North American architectural coatings business of AkzoNobel N.V. Amsterdam, in a deal valued at $1.05 billion. The transaction is expected to close in early second quarter 2013.
PPG Industries gapped up Friday and spiked higher in early trade, before settling into a range. Shares finished with a gain of 4.72 at $129.93, with volume at a 5-month high. The stock broke out of a month and a half long range and set a new high for the year.
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Business News
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.