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Owens Corning Reaches Definitive Agreement To Sell Masonry Products Business For A Minimum of $90 Million

By TechAgreements

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The divestiture will be in two stages. Owens Corning will sell a 50 percent stake in its Masonry Products business to Boral Industries Ltd. for $45 million at closing. The Masonry Products business will then be operated jointly until early 2014. At that time, Owens Corning will sell its remaining 50 percent stake for $45 million and may receive additional proceeds dependent upon 2013 financial...

Full post as published by TechAgreements on December 20, 2010 (boomark / email).

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