PPG (PPG) Will Spend $1.05B on AkzoNobel North American Architectural Coatings Business

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Go back to PPG (PPG) Will Spend $1.05B on AkzoNobel North American Architectural Coatings Business

PPG's (PPG) $1.05B Akzo Deal Leverages Co. to Housing Recovery

December 17, 2012 12:59 PM EST

PPG Industries (NYSE: PPG) on Friday announced it reached a definitive agreement to acquire the North American architectural coatings business of AkzoNobel, N.V., in a deal valued at $1.05 billion.

Analysts at Jefferies have a positive view of the transaction... More