|
contents | business | |||||||||
| Owens Corning announces equity offering Building materials maker Owens Corning announced that one of its stockholders, the Owens Corning/Fibreboard Asbestos Personal Injury Trust, priced its previously announced secondary offering of 12,261,000 shares of its common stock at a price to the public of $23.75 per share. Owens Corning will not sell any shares in the offering and will not receive any proceeds from the offering. The Trust has granted the underwriters a 30-day option to purchase up to an additional 1,839,000 shares of common stock, on the same terms and conditions, to cover over-allotments, if any. The offering is expected to close on March 2, 2010, subject to customary closing conditions. write your comments about the article :: © 2010 Construction News :: home page |