Brief: Owens Corning Enters Into Amended Agreement With Praana Group For Sale Of Glass Reinforcements Business
15/04/2026 22:47
April 15 (Reuters) - Owens Corning OC.N: OWENS CORNING ENTERS INTO AMENDED AGREEMENT WITH PRAANA GROUP FOR SALE OF GLASS REINFORCEMENTS BUSINESS OWENS CORNING - AMENDED AGREEMENT ELIMINATES SELLER NOTES AND INCREASES UP-FRONT CASH PROCEEDS OWENS CORNING - ENTERPRISE VALUE OF SALE ADJUSTS FROM $755 MILLION TO $645 MILLION OWENS CORNING - PROCEEDS FROM SALE TO FUND ORGANIC GROWTH INITIATIVES AND CASH RETURNS TO SHAREHOLDERS Source text: ID:nBw5kJT06a Further company coverage: OC.N ((Reuters.Briefs@thomsonreuters.com;))