Archive for January 21st, 2013

PPG Shareholders: Beware Of Georgia Gulf Exchange Offer

Monday, January 21st, 2013
PPG Shareholders: Beware Of Georgia Gulf Exchange Offer

In my 49 years of investing, including a 30-year institutional investment career, I cannot recall seeing such a convoluted, contrived, shareholder-unfriendly corporate action. What started last year as a simple sale by PPG (PPG) of its commodity chemicals business to Georgia Gulf (GGC) for $2.1 billion has become a complicated, uncertain exchange offer –... »

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