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Published on 6/3/2009 in the Prospect News Special Situations Daily.

Owens Corning investor D.E. Shaw sells more than 2 million shares

By Lisa Kerner

Charlotte, N.C., June 3 - Affiliates of D.E. Shaw & Co., LP sold 2,060,416 shares of Owens Corning between May 11 and June 2 priced from $13.48 to $15.58 per share, according to a schedule 13D/A filed on Wednesday with the Securities and Exchange Commission.

The investors beneficially own 10,115,356 shares, or 7.8%, of the Toledo, Ohio, building products company.


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