Owens Corning's Odyssey Through Chapter 11 Ends

Law360, New York (October 31, 2006, 12:00 AM EST) -- More than six years after being driven into Chapter 11 by asbestos liabilities, insulation maker Owens Corning emerged from bankruptcy Tuesday.

The Toledo, Ohio-based company had its Chapter 11 plan approved last month, and has been waiting out a 30-day window for appeals.

Owens Corning spokesman Jason Saragian said that Wednesday, Owens Corning shares will be traded on the New York Stock Exchange under the ticker OC.

The reorganization plan has its roots in a deal Owens Corning struck with its major creditors in May. Key...
To view the full article, register now.