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Armstrong World Industries entered into a Share Purchase Agreement to sell its EMEA and Pacific Rim businesses to Knauf International GmbH for an enterprise value of $330 million.
PPG Industries has withdrawn its proposal to combine with Akzo Nobel and will not pursue a public offer for all shares of Akzo Nobel, ending its acquisition attempt.
PPG Industries agreed to sell its Plaka gypsum and cement board business in Mexico to Knauf International GmbH. The deal includes a manufacturing plant in Querétaro, Mexico, and is expected to close in the first half of 2017.