Owens-Illinois Acknowledges Receipt of Atlantic Investment Management's Letter
September 14 2018 - 12:42PM
FOR IMMEDIATE RELEASE
For more information,
contact:
David
Johnson
Treasurer and VP, Investor Relations
567-336-2600
Dave.johnson@o-i.com
Owens-Illinois
Acknowledges Receipt of
Atlantic Investment Management's Letter
PERRYSBURG, Ohio (Sept 14,
2018) - Owens-Illinois, Inc. (NYSE: OI) today acknowledged
receipt of a letter from Atlantic Investment Management ("AIM")
subsequently made public by Atlantic in a 13-D amendment.
We appreciate AIM's support for our management
team and operating strategy as affirmed in its letter. We take
seriously the input of all our shareholders and O-I senior
leadership has maintained an open and active dialogue with Atlantic
for many years.
Our management team and Board of Directors are
continually focused on ways to improve long-term value creation,
and as with all shareholder input, we will consider Atlantic's
perspectives in that context.
###
About O-I
Owens-Illinois, Inc. (NYSE:
OI) is the world's largest glass container manufacturer and
preferred partner for many of the world's leading food and beverage
brands. The Company had revenues of $6.9 billion in 2017 and
employs more than 26,500 people at 78 plants in 23 countries. With
global headquarters in Perrysburg, Ohio, O-I delivers safe,
sustainable, pure, iconic, brand-building glass packaging to a
growing global marketplace. For more information, visit
o-i.com.
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O-I Acknowledges Receipt of Atlantic Investment Management's
Letter
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Owens-Illinois, Inc. via Globenewswire
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