PPG poised for growth as it transforms - Barron's
Sun Sep 23, 2007 1:27pm EDT
NEW YORK, Sept 23 (Reuters) - U.S. coatings and chemicals maker PPG Industries Inc is transforming itself by building up its paint and coatings businesses while selling half its glass portfolio, Barron's reported in its Sept. 24 edition.
PPG is "a pure play" on global paint coating and specialty products, Deutsche Bank analyst David Begleiter told the financial newspaper. Begleiter maintains a "buy" rating on the shares.
Deutche Bank estimates a $3 billion deal to purchase Dutch paint and coatings producer SigmaKalon Group from private-equity specialist Bain Capital will add 79 cents to PPG's 2009 estimated earnings per share, Barron's said.
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