Owens Corning (NYSE:OC) Files An 8-K Other Events
Item8.01 Other Events.
Owens Corning (the Company) announced earlier today that it has
entered into a settlement agreement with TopBuild Corp.
(TopBuild) in connection with a commercial breach of contract
dispute from second quarter of 2016.The settlement with TopBuild
will result in a payment to the Company of $30million in cash and
a dismissal of the lawsuit filed in connection with the dispute.A
copy of todays press release is attached hereto as Exhibit 99.1
and is incorporated herein by reference
Item9.01 Financial Statements and Exhibits
|
Exhibit Number |
Description |
|
| 99.1 | Owens Corning Press Release |
2
About Owens Corning (NYSE:OC)
Owens Corning is a holding company, which is engaged in the business of composite and building materials systems. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications. The Company operates in three segments, namely, Composites, Insulation and Roofing. Its Composites segment consists of its Reinforcements and Downstream businesses. The Company’s Insulation products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and are sold under various brand names, such as Owens Corning PINK FIBERGLAS Insulation. The Company’s primary products in the Roofing segment are laminate and strip asphalt roofing shingles. It sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors and contractors in the United States. Owens Corning (NYSE:OC) Recent Trading Information
Owens Corning (NYSE:OC) closed its last trading session up +2.12 at 62.00 with 807,502 shares trading hands.
