PPG Submits Offer to Acquire Majority Interest in Aerospace and Automotive Sealants Businesses of Le Joint Francais
03-Feb-2015
- USA
LJF’s aerospace and automotive sealants businesses would be spun-off to form a new, separate entity, of which PPG would be the majority owner. PPG anticipates closing the transaction in the second half of 2015, following completion of the French works council consultation process, receipt of regulatory approvals and satisfaction of other customary closing conditions. Financial terms were not disclosed.
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