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Axiall Corporation (AXLL)

  • Fri, Mar. 27, 3:27 PM
  • Jan. 28, 2013, 10:20 AM
    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.
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  • Jan. 14, 2013, 9:29 AM
    Georgia Gulf (GGC) says Axiall Corp. will be the new company name upon completion of the merger with PPG's commodity chemicals business; the new NYSE ticker will be AXLL.
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  • Jan. 11, 2013, 8:26 AM
    Georgia Gulf (GGC) +1.2% premarket as shareholders approve the issuance of shares necessary to complete the pending merger with PPG's commodity chemicals business. Jim Cramer gives his blessing: While GGC is more economically sensitive than PPG because its chemicals are not proprietary, he thinks there's enough demand for its products to move the stock higher.
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  • Jul. 19, 2012, 8:11 AM
    PPG Industries (PPG) plans to separate its commodity chemicals business and merge it with Georgia Gulf (GGC) in a cash-and-stock deal worth $2.1B. PPG shareholders will receive 50.5% of the shares of the merged company, whose yearly revenue is projected at ~$5B. The deal is expected to close late this year or early 2013. PPG +1.6%, GGC +13.7% premarket.
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  • May 4, 2012, 4:28 PM
    Westlake Chemical (WLK) withdraws its $1.2B bid to buy Georgia Gulf (GGC) after a sweetened $35/share offer was rejected as too low. WLK says it plans to sell its 4.8% stake in GGC “as market conditions permit.” WLK +1.2%, GGC -9.5% AH.
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  • Feb. 1, 2012, 8:01 AM
    Georgia Gulf (GGC) rejects an offer from Westlake Chemical (WLK) to buy it out for $35 per share. It's not the first time GGC has said no to WLK. (previous) GGC -7.3% premarket, WLK inactive.
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  • Jan. 17, 2012, 8:20 AM
    Georgia Gulf's (GGC) board rejects Westlake Chemical's (WLK) unsolicited $30/share acquisition bid and adopts a shareholder rights plan, saying Monday that the proposal is “financially inadequate and not in the best interest of Georgia Gulf stockholders.”
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  • Jan. 13, 2012, 3:21 PM
    Georgia Gulf (GGC +34%) trades nearly 10% higher than the $30/share offer from Westlake Chemical (WLK +7.6%), lending credence to comments by Telly Zachariades that he wouldn't be surprised to see a higher bid. The banker says M&A activity in the chemical sector will pick up steam in 2012 because of ample cash on the balance sheets of many big players.
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  • Jan. 13, 2012, 9:19 AM
    Georgia Gulf Corp. (GGC) rises 32%, to $24.48, after rival Westlake Chemical (WLK) submits a proposal to acquire the company for $30/share in cash. Georgia Gulf's current trading price suggests investors expect a higher bid to arrive. Westlake says a $30/share deal would be accretive to its earnings in the first fiscal year following the deal's closing.
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Company Description
Axiall Corp is a North American manufacturer and international marketer of chemicals and building products.
Industry: Synthetics
Country: United States