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MERGER WITH THE PPG CHEMICALS BUSINESS | 3 Months Ended
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Mar. 31, 2014
MERGER WITH THE PPG CHEMICALS BUSINESS |
MERGER WITH THE PPG CHEMICALS BUSINESS | 2. MERGER WITH THE PPG CHEMICALS BUSINESS On January 28, 2013, we completed our acquisition of substantially all of the assets and liabilities of the Merged Business and completed the related financings (collectively, the "Transactions"). We manage the Merged Business as part of our chlorovinyls business, and have reported the results of operations of the Merged Business as part of our chlorovinyls segment since January 28, 2013. The purchase price of the Merged Business of approximately $2.8 billion consisted of: (i) shares of our common stock received by PPG shareholders valued at approximately $1.8 billion, based on Axiall's closing stock sale price of $50.24 on the last trade date prior to the closing date of the Merger; (ii) debt assumed of approximately $967.0 million; and (iii) the assumption of other liabilities, including pension liabilities and other post-retirement obligations. Summary Pro Forma Information. The following unaudited pro forma information reflects our consolidated results of operations as if the Transactions had taken place on January 1, 2012. The pro forma information includes primarily adjustments for depreciation based on the estimated fair value of the property, plant and equipment acquired in the Merger, amortization of acquired intangible assets and interest expense on the debt we incurred to finance the Transactions. The pro forma information is not necessarily indicative of the results of operations that we would have reported had the Transactions actually closed on January 1, 2012, nor is it necessarily indicative of future results.
(In millions, except per share data) |  | Three Months Ended March 31, 2013 |
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Net sales |  | $ | 1,168.9 |
Net loss attributable to Axiall |  | ​$ | (8.9 | )
Loss per share attributable to Axiall: |  |  |  |
Basic |  | ​$ | (0.13 | )
Diluted |  | $ | (0.13 | )
Disclosure of revenues and earnings of the Merged Business since January 28, 2013 on a stand-alone basis is not practicable as the Merged Business is not being operated as a stand-alone business.

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