Trian Partners said to take stake in PPG Industries

PPG Industries rallied more than 5 percent in after hours trading Tuesday in the wake of a report that Trian Partners has built a stake in the company. Trian, managed by activist fund manager Nelson Peltz, has reportedly accumulated a $690 million, 2.9 percent stake in the 135- year-old manufacturer, according to Dow Jones. Trian Partners did not immediately...