Owens Corning/Fibreboard Asbestos Personal Injury Trust Announces Sale of 7M Shares of Owens Corning Stock to BofA Merrill Lynch and J.P. Morgan
Owens Corning (NYSE: OC) today announced that one of its stockholders, the Owens Corning/Fibreboard Asbestos Personal Injury Trust, has agreed to sell 7,000,000 shares of its common stock to BofA Merrill Lynch and J.P. Morgan. All net proceeds from the sale of the common stock will be received by the Trust. Owens Corning will not receive any proceeds from the sale.
The shares are being sold by the Trust in an at-the-market offering pursuant to an effective shelf registration statement.
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