logo
Share SHARE
FONT-SIZE Plus   Neg

PPG Industries Inc. (PPG) Jumped To A New High After Acquisition

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

comments powered by Disqus
RELATED NEWS
Trade PPG now with 
Follow RTT