Market Report -- Short Stories (PPG)

Date: 19 March 2007
Source: Msn
Msn reportedt that America Sec reiterates Buy. Target $70 to $76. Banc of America raises their PPG tgt to $76 from $70 to reflect new reporting segments.

They think two recent actions should help alter investor perception: 1) decision to divest auto glass (8% of sales) and fine chemicals (1%); and 2) two new reporting segments. They say flat glass is a decent business, but they wouldn't rule out sale of all of PPG's $2.3 bln glass position, ...

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600450 Market Report -- Short Stories (PPG)
Date: 19 March 2007
Source: Msn

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Vitro has successfully concluded the acquisition of the flat glass business from PPG.
PPG announced that it has completed the sale of its flat glass manufacturing and glass coatings operations to Vitro S.A.B. de C.V.
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Vitro announced that the Company’s shareholders approved the acquisition of the assets of PPG’s Flat Glass Business for USD $755 million.
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PPG Industries, Inc.

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