PPG Comments on Trian Partners’ Statement
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Trian Fund presents its analysis of value-creation opportunity at PPG Industries (PPG)
October 25, 2018 10:33 AM EDTTrian Fund Management, L.P. today presented its analysis of the value-creation opportunity at PPG Industries, Inc. (NYSE: PPG) at an investor conference in Toronto. Trians investment funds beneficially own approximately 7.0 million shares of PPG valued at approximately $685 million as of October 24, 2018. This represents approximately 2.9% of PPGs outstanding shares.
In the presentation, Ed Garden, Trians Chief Investment Officer and a Founding Partner, highlighted PPGs leadership position as the #2 global manufacturer of paints and coatings, with a diversified portfolio of products across consumer and industrial end markets. With a $140 billion addressable market, rapidly... More
