News Abounds in Aftermath of Platinum Suit
News outlets from across the country and around the world have
been busy covering the latest news from PPG Industries, since the
Pittsburgh-based company announced yesterday that Platinum Equity
has attempted to terminate the agreement to buy its auto glass business.
Click on the links below for the latest.
Cracks Appear In PPG Deal
It was just a few months ago that PPG and Platinum Equity got cozy
over the former's automotive glass & services business, but now
that relationship is on the rocks.
$500 Million Sale of PPG Auto Glass Business in Doubt
The purchaser of PPG Industries Inc.'s automotive glass business
accused the Pittsburgh-based company of fraud by misrepresenting
and concealing facts about the financial condition and performance
of the glass operations, a lawsuit filed in New York State Supreme
Buyer Sees PPG Glass Darkly
A private-equity firm says PPG portrayed its automotive glass division
in too good of a light, and now it's going to court to get out of
a $500 million deal to purchase the unit.
Suit Puts Evart PPG Sale in Limbo
A $500 million business deal that includes an Evart factory could
be in jeopardy.
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