Owens Corning Stock After Divestiture: A Leaner, Stronger Play?
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Owens Corning has sold its glass reinforcements business for $755 million, allowing the company to focus more on its core building products segment. This divestiture is expected to make Owens Corning a leaner and potentially stronger company.
February 17, 2025 | 4:30 pm
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Owens Corning has divested its glass reinforcements business for $755 million, which is expected to streamline its operations and enhance focus on its core building products segment.
The divestiture allows Owens Corning to concentrate on its core business, potentially improving operational efficiency and profitability. This strategic move is likely to be viewed positively by investors, leading to a potential short-term increase in stock price.
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