PPG Industries is to sell its automotive original equipment manufacture glass & automotive replacement glass & services businesses to Platinum Equity of Beverly Hills, California for approximately $500M before minority interest. The transaction is expected to result in a slight book gain upon closing & charges to income totaling $0.20-0.25 per share to be recorded over the next few quarters.
Origin
Unknown
Journal Title
Glassonline 17 Sept 2007
Sector
Flat glass
Class
F 2381