Georgia Gulf adopts shareholder rights plan
Georgia Gulf Corp. said Monday that it has adopted a shareholder rights plan following its rejection of Westlake Chemical Corp.'s $30.00 per share takeover offer as financially inadequate and not in the best interest of Georgia Gulf shareholders.
PPG Industries and Georgia Gulf Corp. have announced that the boards of directors of both companies have approved definitive agreements under which PPG will separate its commodity chemicals business and merge it with Georgia Gulf.