Platinum Equity to go for re – negotiation with PPG Industries

The equity firm is planning to consider re- negotiations with the firm PPG Industries for the purchase of automotive glass division for $500 million. The company Platinum Equity said that the firm has filed a lawsuit against the company for not giving the corrent information related to its business.

The case to cancel the agreement between the two companies has been filed at the New York state court which said that the company PPG Automotive Glass & Services had hidden the low sales and high costs reports.