Owens Corning Enters Into Amended Agreement with Praana Group for Sale of Glass Reinforcements Business
Owens Corning Inc New (OC)
Last owens corning inc new earnings: 4/29 06:00 am
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Source: Business Wire
TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a building products leader, today announced that it has entered into an amended agreement to sell its glass reinforcements business to Praana Group, accelerating cash realization and updating the terms of the previously announced sale.The amended agreement eliminates seller notes and increases up-front cash proceeds, streamlining Owens Corning’s separation from the business. The agreement also adjusts the total enterprise value of the sale from $755 million to $645 million. The adjusted transaction value reflects changing market conditions impacting the business while maintaining a consistent valuation multiple.This sale is part of Owens Corning’s strategy to strengthen its focus as a building products leader in North America and Europe and exit high capital-intensive businesses. Combined with other strategic initiatives and investments made over the past several years, it positions the company to deliver higher, more resili
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News
- Owens Corning (OC) had its "overweight" rating reaffirmed by Wells Fargo & Company.MarketBeat
- Owens Corning to Announce First-Quarter Financial Results on May 6 [Yahoo! Finance]Yahoo! Finance
- Owens Corning to Announce First-Quarter Financial Results on May 6Business Wire
- Owens Corning (OC) had its price target lowered by Wells Fargo & Company from $155.00 to $125.00. They now have an "overweight" rating on the stock.MarketBeat
- Owens Corning (OC) had its price target lowered by Barclays PLC from $138.00 to $135.00. They now have an "overweight" rating on the stock.MarketBeat
OC
Earnings
- 2/25/26 - Miss
OC
Sec Filings
- 4/15/26 - Form 8-K
- 4/13/26 - Form 4
- 4/13/26 - Form 4
- OC's page on the SEC website