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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (444)11/30/2004 3:36:19 PM
From: Rono  Read Replies (2) | Respond to of 6370
 
Anybody have a clue as to why Owens Corning stock has appreciated nearly tenfold in a matter of four weeks in light of the company's press release stating the following:

"...existing common stock of Owens Corning will be cancelled, and that current shareholders will receive no distribution or other consideration in exchange for their shares."

biz.yahoo.com

Ron