TOLEDO, Ohio, June 20 /PRNewswire-FirstCall/ -- Owens Corning (NYSE:
OC) announced today that, as a result of actions taken by the New York
Stock Exchange, the company's Series B Warrants are now listed on the NYSE
under the symbol OCWSB.
Owens Corning issued the Series B Warrants, along with its Series A
Warrants, in October 2006 in connection with the company's emergence from
asbestos-related Chapter 11. The Series B Warrants are exercisable for
approximately 7.8 million shares of the company's common stock at an
exercise price of $45.25 per share.
The Series A Warrants are exercisable for approximately 17.5 million
shares of the company's common stock at an exercise price of $43.00 per
share. Because the number of holders of Series A Warrants is below the
number required by the applicable NYSE listing standards, the Series A
Warrants are not listed on the New York Stock Exchange.
The Series A and B Warrants are exercisable at any time and will expire
on Oct. 31, 2013.
About Owens Corning
Owens Corning (NYSE: OC) is a leading global producer of residential
and commercial building materials, glass fiber reinforcements and
engineered materials for composite systems. A Fortune 500 company for 54
consecutive years, Owens Corning is committed to driving sustainability
through delivering solutions, transforming markets and enhancing lives.
Founded in 1938, Owens Corning is a market-leading innovator of glass fiber
technology with sales of $5 billion in 2007 and 19,000 employees in 26
countries on five continents. Additional information is available at
http://www.owenscorning.com .
SOURCE Owens Corning
 back to top
Related links:
http://www.owenscorning.com
http://www.prnewswire.com/comp/677350.html /
CONTACT:
Media: Jason Saragian, +1-419-248-8987, or
Investor: Scott Deitz, +1-419-248-8935, Owens Corning
|
