Owens Corning Series B Warrants Now Listed on the New York Stock Exchange
June 20 2008 - 4:49PM
PR Newswire (US)
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/ . DATASOURCE: Owens
Corning CONTACT: Media: Jason Saragian, +1-419-248-8987, or
Investor: Scott Deitz, +1-419-248-8935, Owens Corning Web site:
http://www.owenscorning.com/ Company News On-Call:
http://www.prnewswire.com/comp/677350.html
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