PPG: USD 110 million share buyback in 1Q 2005

PPG Industries Inc. (PPG) bought back 1.6 million shares of its common stock for about USD 110 million during the 1Q 2005 ended 31 March according to its quarterly report filed 2 May 2005 with the Sec…

PPG Industries Inc. (PPG) bought back 1.6 million shares of its common stock for about USD 110 million during the 1Q 2005 ended 31 March according to its quarterly report filed 2 May 2005 with the Securities and Exchange Commission. The firm said that the purchases were part a plan announced in January 2005 to purchase up to USD 500 million of its common stock by the end of 2005 under a 10 million share repurchase program approved by the board in October 2000. As of 30 April 2005, PPG had 171,661,523 common shares outstanding.