PPG Announces Proration Factor of 14.986286% for Shares Tendered in Exchange Offer

PPG Industries 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 See full press release