PPG Industries Inc
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Materials : Chemicals | Large Cap Value
Company profile

PPG Industries, Inc. manufactures and distributes a range of coatings and specialty materials. The Company has two segments: Performance Coatings and Industrial Coatings. The Performance Coatings segment includes the refinish, aerospace, protective and marine, architectural businesses. The Industrial Coatings segment includes the automotive original equipment manufacturer (OEM), industrial coatings, packaging coatings, coatings services and specialty coatings and materials businesses. The Company's geographical segments include the United States, Canada, Western Europe, Latin America, Central and Eastern Europe, the Middle East, Africa and Asia Pacific. The Company's brands include PPG, GLIDDEN, COMEX, OLYMPIC, DULUX, SIKKENS, PPG PITTSBURGH PAINTS, MULCO, FLOOD, LIQUID NAILS, SICO, CIL, RENNER, TAUBMANS, WHITE KNIGHT, BRISTOL, HOMAX, DEKORAL, TRILAK, GORI, and BONDEX, among others.

Closing Price
$120.33
Day's Change
-1.41 (-1.16%)
Bid
--
Ask
--
B/A Size
--
Day's High
122.77
Day's Low
120.29
Volume
(Light)
Volume:
688,578

10-day average volume:
1,272,320
688,578

AMC stock jumps 14% after hours on report of new financing plan

8:47 pm ET July 7, 2020 (MarketWatch)
Print

Shares of AMC Entertainment Holdings Inc. (AMC) , which owns the world's largest movie theater chain, surged nearly 14% in after-hours trading Tuesday following a Wall Street Journal report (https://www.wsj.com/articles/cinema-chain-amc-nears-financing-deal-to-avert-near-term-bankruptcy-11594161092?mod=searchresults&page=1&pos=1) that said the company was nearing a restructuring deal that would stave off bankruptcy in the near term. AMC will reportedly reject a financing offer from lenders including Apollo Global Management, in favor of a $200 million financing effort led by Silver Lake Group, coming on top of $200 million in financing from junior bondholders. AMC has seen its bottom line crushed as it had to shut more than 1,000 theaters worldwide due to the coronavirus pandemic. Its U.S. theaters are now scheduled to reopen on July 30 (http://www.marketwatch.com/story/amc-delays-reopening-of-us-theaters-by-about-2-weeks-2020-06-29). In June, AMC warned of a first-quarter net loss of as much as $2.417 billion (http://www.marketwatch.com/story/amc-entertainment-warns-of-first-quarter-loss-as-theaters-remain-closed-during-coronavirus-pandemic-2020-06-03).

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

July 07, 2020 20:47 ET (00:47 GMT)

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