Pittsburgh Corning: Owens Corning to acquire Pittsburgh Corning

Pittsburgh Corning Corp. will be acquired by Owens Corning Inc. for $560 million. It's the next step for the Pittsburgh-based glass manufacturer, which started in 1937 but for much of the past two decades had been locked in a complex Chapter 11 bankruptcy filing that it only emerged from in April 2016. Pittsburgh Corning had been a joint venture of Corning Inc. and PPG but after emerging from bankruptcy, the company had been owned by the Pittsburgh Corning Asbestos Personal Injury Settlement Trust...