PPG Industries (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
PPG (PPG) Board Supports Michael McGarry as Chairman, CEO; Open to Listening to Trian on Other Topics - Bloomberg, Citing Email
October 25, 2018 8:43 AM EDTPPG (NYSE: PPG) Board Supports Michael McGarry as Chairman, CEO; Open to Listening to Trian on Other Topics - Bloomberg, Citing Email
Trian is Said to Seek Ouster of PPG (PPG) CEO, Split of Company - Bloomberg
October 25, 2018 8:31 AM EDT(Updated - October 25, 2018 8:33 AM EDT)
Trian wants PPG (NYSE: PPG) to oust its CEO and reinstall his predecessor in an effort improve performance before a possible split of the company, according to Bloomberg, citing people familiar with the matter.
... More