ADVFN - Advanced Financial Network.
HOME» NYSE » O » OI Stock Price » OI Stock News

Owens Illinois Share News

 Owens-illinois, Inc. Stock Price
OI Stock Price
 Owens-illinois, Inc. Stock Chart
OI Stock Chart
 Owens-illinois, Inc. Stock News
OI Stock News
 Owens-illinois, Inc. Company Information
OI Company Information
 Owens-illinois, Inc. Stock Trades
OI Stock Trades

Owens-Illinois Enters Venture With Thai Firm To Buy Glass Company

DOW JONES NEWSWIRES Owens-Illinois Inc. (OI) and Berli Jucker PLC (BJC.TH) of Thailand formed a joint venture that has agreed to buy Fraser & Neave Holdings Bhd.'s (3689.KU, P.FNH) Malaya Glass operations for about $221.7 million after debt and other items. Packaging companies are heavily dependent on consumer-goods volumes, putting them at the leading edge of any recovery. Like many companies, cost-cutting has mitigated the downturn's impacts. The latest move is part of Owens-Illinois strategy to grow through acquisitions and will significantly expand Owens-Illinois's presence in China and Southeast Asia. Owens-Illinois's portion of the purchase prices is $132.4 million. Chairman and Chief Executive Al Stroucken expects his company to see an immediate profit boost from the acquisition. The venture is buying four glass plants that produce containers for beer, nonalcoholic beverage and food companies. It will manage sites in Malaysia and Vietnam, while a Chinese plant will be managed as part of Owens-Illinois's China operations. Berli Jucker, which licences Owens-Illinois technology at its Thailand glass operations, will take majority ownership of the Thai plant. Owens-Illinois' shares closed Friday at $30.66 and were inactive premarket. The stock is down 6.7% this year, underperforming the broader market. -By Tess Stynes, Dow Jones Newswires; 212-416-2481;;

Stock News for Owens Illinois (OI)
05/26/201616:14:43Owens-Illinois, Inc.: O-I Announces Two New Board Members and...
05/26/201616:12:56Current Report Filing (8-k)
05/13/201607:56:17Additional Proxy Soliciting Materials (definitive) (defa14a)
05/13/201607:17:03Quarterly Report (10-q)
05/13/201606:55:32Amended Annual Report (10-k/a)
05/11/201606:37:54Notification That Quarterly Report Will Be Submitted Late (nt...
05/10/201617:30:13Current Report Filing (8-k)
05/10/201617:15:11Additional Proxy Soliciting Materials (definitive) (defa14a)
05/10/201616:30:18O-I Announces Intent to Adjourn Annual Meeting Of Share Owners;...
05/04/201609:10:00U.S. Trade Deficit Narrowed in March
05/02/201616:44:52Current Report Filing (8-k)
05/02/201616:30:24O-I REPORTS FIRST QUARTER 2016 RESULTS; Operations improve; Acquisition...
04/08/201610:34:12Amended Statement of Ownership (sc 13g/a)
04/06/201617:01:42Owens-Illinois, Inc.: O-I Provides Update on Arbitration Against...
04/05/201623:04:00O-I Announces First Quarter 2016 Earnings Conference Call and...
04/05/201616:20:53O-I Announces First Quarter 2016 Earnings Conference Call and...
04/01/201606:45:03Proxy Statement (definitive) (def 14a)
03/08/201615:27:30Statement of Changes in Beneficial Ownership (4)
03/01/201608:09:32Current Report Filing (8-k)
02/25/201607:50:56Statement of Changes in Beneficial Ownership (4)

Owens Illinois and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations