PPG Industries (PPG -3.1%) sets a final exchange ratio for the split-off of its commodity...

|About: PPG Industries, Inc. (PPG)|By:, SA News Editor

PPG Industries (PPG -3.1%) sets a final exchange ratio for the split-off of its commodity chemicals business at 3.2562 shares of newly created Eagle Spinco for each PPG share. After PPG's acceptance, Eagle Spinco will merge with a subsidiary of Georgia Gulf (GGC +4.8%) and each Spinco share will convert to one GGC share; the closing of the merger then should conclude later today.