PPG Announces Proration Factor of 14.986286% for Shares Tendered in Exchange Offer
PPG Industries (NYSE: PPG) today announced the final proration factor of
14.986286 percent for its exchange offer of PPG common stock in
connection with the separation of PPG's commodity chemicals business and
merger of Eagle Spinco Inc., the entity holding PPG's former commodity
chemicals business, with a subsidiary of Georgia Gulf Corporation.
On Jan. 28, 2013, a subsidiary of Georgia Gulf Corporation merged with
and into Eagle Spinco, with Eagle Spinco surviving the merger. The
combined company formed by uniting Georgia Gulf with PPG's former
commodity chemicals business is now named Axiall Corporation and is
traded on the New York Stock Exchange under the ticker symbol AXLL.
A total of 68,933,881 shares of PPG common