June 26, 2019 / 5:59 PM / 5 months ago

EXCLUSIVE-HG Vora builds Owens Corning stake to push for changes -sources

June 26 (Reuters) - Hedge fund HG Vora Capital Management LLC is building a stake in Owens Corning to push the U.S. composites and building materials company to explore options that include a sale or a break-up, people familiar with the matter said on Wednesday. HG Vora’s investment in Owens Corning comes as the Toledo, Ohio-based company has been seeking ways to bolster its roofing and insulation businesses, which have suffered amid a slowdown in the construction of new homes.

The sources requested anonymity because the matter is confidential. A spokesman for HG Vora declined to comment. Owens Corning did not immediately respond to a request for comment. (Reporting by Svea Herbst-Bayliss in Boston Editing by Nick Zieminski)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below