Welcome to our dedicated page for Owens Corning news (Ticker: $OC), a resource for investors and traders seeking the latest updates and insights on Owens Corning stock.
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The press release discusses the importance of inclusivity and authenticity at Owens Corning, highlighting Brenda Karras' contributions to building an inclusive workforce. Brenda's involvement in affinity groups like HOLA has helped foster connections, promote diversity, and support talent attraction and retention. The PR emphasizes the benefits of an inclusive workplace and showcases Owens Corning's commitment to social sustainability through inclusion and diversity.
Owens Corning and Masonite International have announced an exchange offer and consent solicitation related to Owens Corning's planned acquisition of Masonite. The exchange offer involves exchanging 3.50% Senior Notes due 2030 issued by Masonite for new notes to be issued by Owens Corning, along with soliciting consents for proposed amendments to the indenture governing the existing notes. The offer includes various payments and considerations, subject to specific conditions and deadlines.
Owens Corning (OC) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the planned acquisition of Masonite International (DOOR). The waiting period ended on April 26, 2024, satisfying a closing condition for the transaction. Masonite shareholders have already approved the acquisition, with the closing expected in May 2024, pending customary conditions.
Owens Corning, a global leader in building and construction materials, focuses on sustainable material innovation through its Roofing, Insulation, and Composites businesses. With a strong presence in 30 countries and sales of $9.7 billion in 2023, the company aims to provide energy-efficient solutions and create value for customers and shareholders.
Owens Corning (NYSE: OC) and Masonite International (“Masonite”) (NYSE: DOOR) have extended the early participation deadline for the Tender Offer and Consent Solicitation to May 13, 2024. They announced successful results with 88.27% of Masonite Notes tendered and consents delivered by the early deadline. Holders who participated will receive the Total Consideration, including the Early Participation Payment, subject to the Arrangement’s consummation. The Proposed Amendments to the Masonite Indenture have been adopted, contingent on the completion of the Arrangement.
