Owens Corning Asks To Pay J.P. Morgan $15M
A key condition in Owens Corning’s emergence from bankruptcy is the purchase of 70 million shares of Owens Corning stock by J.P. Morgan for about $2.1 billion. While the court confirmed Owens Corning’s reorganization plan last month, Owens Corning’s agreement with J.P. Morgan calls for that order to “become a final order.”
But a motion filed on Oct. 6...
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