Owens Corning

Masonite Shareholders Approve Transaction with Owens Corning

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木曜日, 4月 25, 2024

Architecture, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Building Systems, Other Manufacturing, Masonite International, Multinational corporation, Special, Owens Corning, Supreme court

Masonite International Corporation (NYSE: DOOR) (“Masonite”) today announced that its shareholders have voted to approve the Company’s proposed transaction with Owens Corning at its Special Meeting of Shareholders.

Key Points:

Masonite International Corporation (NYSE: DOOR) (“Masonite”) today announced that its shareholders have voted to approve the Company’s proposed transaction with Owens Corning at its Special Meeting of Shareholders.
As previously announced, under the terms of the transaction, Masonite shareholders will receive $133.00 per share in cash in connection with the closing of the transaction.
Howard Heckes, President and Chief Executive Officer of Masonite, said, “We thank our shareholders for their overwhelming support of this transaction.
Together with Owens Corning, we will be even better positioned to continue transforming the door industry through the execution of our proven Doors That Do More™ strategy.

Owens Corning Delivers Net Sales of $2.3 Billion; Generates Net Earnings of $299 Million and Adjusted EBIT of $438 Million

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水曜日, 4月 24, 2024

Other Construction & Property, Residential Building & Real Estate, Manufacturing, Commercial Building & Real Estate, Construction & Property, Other Manufacturing, RIR, Sale, Glass, Safety, Morgan Stanley, Masonite International, Corning, Masonite, Acquisition, Growth, Owens Corning, Glass fiber

Owens Corning engaged Morgan Stanley as its financial advisor to review strategic alternatives for its global glass reinforcements business.

Key Points:

Owens Corning engaged Morgan Stanley as its financial advisor to review strategic alternatives for its global glass reinforcements business.
Owens Corning continues to invest in new product and process innovation to support customers and generate additional growth.
The company paid dividends of $52 million and repurchased 0.9 million shares of common stock for $130 million.
“Owens Corning delivered an outstanding start to the year, growing enterprise earnings and expanding margins in the first quarter.

Beacon Appoints Prithvi Gandhi as Executive Vice President and Chief Financial Officer

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月曜日, 4月 22, 2024

Beacon (Nasdaq: BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer.

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Beacon (Nasdaq: BECN) announced today the appointment of Prithvi (Prith) Gandhi as Executive Vice President and Chief Financial Officer.
Mr. Gandhi will join Beacon on May 1, 2024, and assume his role as Chief Financial Officer on or about May 6, 2024.
Prior to TAMKO, he served as Chief Financial Officer of Fast Radius, a 3D printing business that went public in 2022.
“I am very pleased to welcome Prith to the Beacon executive leadership team,” said Julian Francis, President and CEO, Beacon.

Owens Corning Commences Tender Offer and Masonite Commences Consent Solicitation

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月曜日, 4月 15, 2024

Owens Corning and Masonite are making the Tender Offer and Consent Solicitation pursuant to the terms of and subject to the conditions set forth in the offer to purchase and consent solicitation statement dated April 15, 2024 (the “Statement”).

Key Points:

Owens Corning and Masonite are making the Tender Offer and Consent Solicitation pursuant to the terms of and subject to the conditions set forth in the offer to purchase and consent solicitation statement dated April 15, 2024 (the “Statement”).
Holders may not deliver consents to the Proposed Amendments in the Consent Solicitation without tendering Masonite Notes in the Tender Offer, and may not tender Masonite Notes in the Tender Offer without delivering consents to the Proposed Amendments in the Consent Solicitation.
The Tender Offer and Consent Solicitation are conditioned upon, among other conditions, the consummation of the pending acquisition of Masonite by Owens Corning pursuant to the Arrangement Agreement, dated as of February 8, 2024 (as it may be amended, the “Arrangement Agreement”), by and among Owens Corning, MT Acquisition Co ULC, a wholly owned subsidiary of Owens Corning (“Purchaser”), and Masonite, which condition cannot be waived.
Owens Corning has engaged Morgan Stanley & Co. LLC as Lead Dealer Manager and Solicitation Agent and Wells Fargo Securities, LLC as Co-Dealer Manager and Solicitation Agent for the Tender Offer.

Owens Corning and Ripple Glass Celebrate Earth Day with Successful Glass Recycling Program

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木曜日, 4月 18, 2024

Glass, Social media, Knauf, Marketing, Home, Partnership, Johns Manville, Line Creek, Earth Day, Temperature, CO2, Sand, Recycling, CertainTeed, Owens Corning, Glass fiber

ATLANTA, April 18, 2024 /PRNewswire/ -- As the perfect way to celebrate Earth Day, Ripple Glass, a company of Strategic Materials, Inc., North America's largest glass recycler, has announced some big recycling numbers in partnership with Owens Corning!

Key Points:

ATLANTA, April 18, 2024 /PRNewswire/ -- As the perfect way to celebrate Earth Day, Ripple Glass, a company of Strategic Materials, Inc., North America's largest glass recycler, has announced some big recycling numbers in partnership with Owens Corning!
Since the partnership launched in November 2023, the Owens Corning and Ripple Glass bin has collected a staggering 50 tons of glass.
Giving glass a second life, Ripple Glass and sponsor Owens Corning will host Earth Day events, swag giveaways and a social media campaign to support the collection program, with bins in their bold purple color.
"We are proud to honor Earth Day with our successful recycling effort in partnership with Ripple Glass," said Eric Miller, Marketing Leader, Owens Corning – Home Center.

Masonite Announces Date of First Quarter 2024 Earnings Release

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月曜日, 4月 8, 2024

Retail, Home Goods, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Building Systems, Owens Corning, Masonite International, Multinational corporation

Masonite International Corporation (NYSE: DOOR) today announced it will release first quarter 2024 financial results on Monday, May 6, 2024.

Key Points:

Masonite International Corporation (NYSE: DOOR) today announced it will release first quarter 2024 financial results on Monday, May 6, 2024.
Due to the pending transaction with Owens Corning previously announced on February 9, 2024, Masonite will not hold a live conference call to discuss its financial results.
The transaction remains on track to close mid-2024, subject to Masonite shareholder approval, regulatory approvals, and other customary closing conditions.
Additional information on the Company's results and the pending transaction are available at the SEC’s website at http://www.sec.gov and in our Quarterly Report on Form 10-Q expected to be filed with the SEC by May 8, 2024.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues Investigating the Merger – DOOR, FREE, INBX, TAST

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月曜日, 3月 18, 2024

Empire, TAST, Sale, FREE, Owens Corning, Carrols Restaurant Group, CVR, Security (finance)

Under the terms of the agreement, DOOR shareholders are expected to receive $133.00 in cash per share they own.

Key Points:

Under the terms of the agreement, DOOR shareholders are expected to receive $133.00 in cash per share they own.
Under the terms of the agreement, FREE shareholders are expected to receive $4.875 in cash per share they own.
Under the terms of the agreement, TAST shareholders are expected to receive $9.55 in cash per share they own.
Before you hire a law firm, you should talk to a lawyer and ask:
Do you recover money for shareholders?

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates KAMN, HAYN, EVBG, DOOR

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土曜日, 3月 16, 2024

Kaman, Investment management, Sale, Everbridge, Masonite, Fraud, Owens Corning, Thoma Bravo, Advertising, Haynes International, Masonite International, Security (finance)

If you are a Kaman shareholder, click here to learn more about your rights and options .

Key Points:

If you are a Kaman shareholder, click here to learn more about your rights and options .
If you are a Haynes shareholder, click here to learn more about your rights and options .
Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Kuehn Law Encourages FREE, HAYN, EVBG, and DOOR Investors to Contact Law Firm

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木曜日, 3月 14, 2024

Owens Corning, Thoma Bravo, PLLC, Advertising, Human, Everbridge, Security (finance)

NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.

Key Points:

NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers.
Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies.
Under the agreement, shareholders of Whole Earth Brands will be entitled to a payment of $4.875 per share in cash.
Concerned shareholders are encouraged to contact Justin Kuehn, Esq., at [email protected] or call (833) 672-0814.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates KNTE, DOOR, HMST

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水曜日, 3月 13, 2024

Owens Corning, Advertising, Masonite, Masonite International, Sale, Fraud, Security (finance)

If you are a Kinnate shareholder, click here to learn more about your rights and options .

Key Points:

If you are a Kinnate shareholder, click here to learn more about your rights and options .
Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.