NYSE:OCBuilding
Owens Corning Refocuses Portfolio With Glass Reinforcements Sale To Praana
Owens Corning (NYSE:OC) has amended its agreement to sell its glass reinforcements business to Praana Group.
The revised terms are intended to streamline Owens Corning's exit from this operation and increase immediate cash realization.
The move marks a shift away from more capital intensive activities within the portfolio.
For investors tracking Owens Corning at a share price of $116.58, this transaction update comes after mixed multi year returns, with the stock up 22.1% over 3 years and...