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Published on 8/31/2009 in the Prospect News Special Situations Daily.

Owens Corning investor D.E. Shaw sells more than 4.77 million shares

By Lisa Kerner

Charlotte, N.C., Aug. 31 - Affiliates of D.E. Shaw & Co., LP sold 4,772,000 shares of Owens Corning between Aug. 2 and Aug. 27 priced from $19.80 to $24.09 per share, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

The investors beneficially own 4,643,356 shares, or 3.6%, of the Toledo, Ohio, building products company.


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