-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RQ2zn7ytt3TKgJ5tLdIMHzNI7xS3VdreHixwl1/ToPj0is15ZTxSXlcg/En05h8n p92+LSdB5wSC6IsKf5HKtA== 0000950132-01-000130.txt : 20010228 0000950132-01-000130.hdr.sgml : 20010228 ACCESSION NUMBER: 0000950132-01-000130 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010223 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPG INDUSTRIES INC CENTRAL INDEX KEY: 0000079879 STANDARD INDUSTRIAL CLASSIFICATION: PAINTS, VARNISHES, LACQUERS, ENAMELS & ALLIED PRODUCTS [2851] IRS NUMBER: 250730780 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01687 FILM NUMBER: 1554650 BUSINESS ADDRESS: STREET 1: ONE PPG PL 40 EAST CITY: PITTSBURGH STATE: PA ZIP: 15272 BUSINESS PHONE: 4124343131 MAIL ADDRESS: STREET 1: ONE PPG PL 40 EAST CITY: PITTSBURGH STATE: PA ZIP: 15272 FORMER COMPANY: FORMER CONFORMED NAME: PITTSBURGH PLATE GLASS CO DATE OF NAME CHANGE: 19681219 8-K 1 0001.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Act of 1934 Date of Report (Date of earliest event reported): February 23, 2001 PPG INDUSTRIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Pennsylvania 1-1687 25-0730780 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation File Number) Identification No.) One PPG Place, Pittsburgh, Pennsylvania 15272 - -------------------------------------------------------------------------------- (Address of principal executive officers) (Zip Code) Registrant's telephone number, including area code: (412) 434-3131 Not Applicable - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events ------------ On February 23, 2001, PPG Industries, Inc. issued the press release attached hereto as Exhibit 99, which is incorporated by reference herein. Item 7. Exhibit ------- (99) PPG Industries, Inc. press release dated February 23, 2001. SIGNATURE --------- Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. PPG INDUSTRIES, INC. ----------------------------------------- (Registrant) /s/ James C. Diggs ----------------------------------------- James C. Diggs Senior Vice President and General Counsel Date: February 23, 2001 EX-99 2 0002.txt NEWS RELEASE Exhibit 99 Jeff Worden 412-434-3046 worden@ppg.com PPG STRONGLY RECOMMENDS SHAREHOLDERS REJECT MINI-TENDER OFFER PITTSBURGH, Feb. 23 -- PPG Industries strongly recommends that shareholders reject an offer by TRC Capital Corporation to purchase up to 5,750,000 shares of PPG common stock at a price of $45.75 per share. Neither PPG nor its officers or directors are associated with TRC. The market price of PPG common stock at the close of business yesterday was $49.94 per share, meaning TRC's offer price is below what shareholders could receive by selling their shares in the public market. The Securities and Exchange Commission has warned investors that some companies make "mini-tender" offers at "below-market prices, hoping that they will catch investors off guard if the investors do not compare the offer price to the current market price." The SEC defines mini-tenders as offers for less than 5 percent of a company's stock. (more) - 2 - PPG suggests shareholders direct questions to their investment advisers. Investors can obtain more information about mini-tender offers by visiting the SEC's Web site: www.sec.gov/consumer/minitend.htm. --------------------------------- PPG, with headquarters in Pittsburgh, is a leading global supplier of coatings and chemicals as well as continuous-strand fiber glass and flat and fabricated glass. Sales exceeded US$8.6 billion in 2000. -21908/201- Internet: www.ppg.com ----------- Forward-Looking Statements Statements in this news release relating to matters that are not historical facts are forward-looking statements reflecting the company's current view with respect to future events and financial performance. These matters involve risks and uncertainties that affect the company's operations, as discussed in PPG Industries' Annual Report on Form 10K filed with the Securities and Exchange Commission. Accordingly, many factors could cause actual results to differ materially from the company's forward-looking statements. Among these factors are increasing price and product competition by foreign and domestic competitors, fluctuations in cost and availability of raw materials, the ability to maintain favorable supplier relationships and arrangements, economic and political conditions in international markets, the ability to penetrate existing, developing and emerging foreign and domestic markets which also depends on economic and political conditions, and foreign exchange rates and fluctuations in those rates. Further, it is not possible to predict or identify all such factors. Consequently, while the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on the company's consolidated financial condition, operations or liquidity. -----END PRIVACY-ENHANCED MESSAGE-----