Key Developments: Owens-Illinois Inc (OI)

OI on New York Consolidated

28 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Owens-Illinois to acquire Vitro's food and beverage business for $2.15 bln
Wednesday, 13 May 2015 06:31am EDT 

Owens-Illinois Inc:Reaches definitive agreement with Vitro, S.A.B. de C.V., to acquire Vitro's food and beverage glass container business in an all-cash transaction valued at about $2.15 bln.The transaction, which has been approved by the boards of directors of both companies, is subject to approval by Vitro's shareholders and customary regulatory approvals. The deal is expected to close within 12 months.  Full Article

Owens-Illinois Inc lowers FY 2015 EPS outlook
Tuesday, 28 Apr 2015 04:06pm EDT 

Owens-Illinois Inc:Expects adjusted EPS for FY 2015 to be in the range of $2.00 to $2.30 per share.FY 2015 EPS of $2.28 - Thomson Reuters I/B/E/S.  Full Article

Owens-Illinois Inc announces management chnages
Thursday, 19 Mar 2015 08:08am EDT 

Owens-Illinois Inc:Announces that Senior Vice President and Chief Financial Officer Steve Bramlage will leave O-I to pursue another opportunity, effective March 31, 2015.Until an internal and external executive search can be completed, John Haudrich, vice president, finance and corporate controller, will assume the responsibilities of the chief financial officer.  Full Article

Owens-Illinois Inc enters into agreement to repurchase $100 mln of common stock
Wednesday, 4 Feb 2015 04:45pm EST 

Owens-Illinois Inc:Enters into an agreement with J.P. Morgan Chase Bank NA to repurchase $100 mln of O-I's common stock under an accelerated stock repurchase program (ASR).ASR is part of a previously announced $500 mln share repurchase program approved by O-I's Board of Directors in Oct. 2014.Anticipates repurchasing at least an additional $25 mln in shares over the course of the year using free cash flow generated from operations.  Full Article

Owens-Illinois Inc gives FY 2015 EPS outlook in line with analysts' estimates - Conference Call
Tuesday, 3 Feb 2015 01:00pm EST 

Owens-Illinois Inc:Expects FY 2015 adjusted EPS to be $2.20-2.60 and adjusted EPS (on constant currency basis) to be $2.60-3.00.FY 2015 EPS of $2.58 - Thomson Reuters I/B/E/S.  Full Article

Owens-Illinois expands stock repurchase program
Tuesday, 28 Oct 2014 04:05pm EDT 

Owens-Illinois Inc:Says the board has increased share repurchase authorization to $500 mln.Authorization expires on Dec. 31, 2017 and includes about $85 mln remaining under the current program.Expects to repurchase at least $100 mln in shares of the Company's common stock in 2015.  Full Article

Owens-Illinois enters into joint venture and long-term supply agreement with Constellation Brands
Thursday, 2 Oct 2014 07:03am EDT 

Owens-Illinois Inc:Announces that it has agreed to enter into a 50-50 joint venture with Constellation Brands Inc.Says the joint venture will operate the glass container production plant in Nava, Mexico, that Constellation recently agreed to purchase from Anheuser-Busch Inbev (ABI).Says the plant will provide bottles exclusively for Constellation's adjacent brewery, which brews a portfolio of Mexican beer brands for export to the United States, including Corona Extra, Corona Light, Modelo Especial, Negra Modelo and Pacifico.Says O-I has agreed to enter into a long-term agreement to supply glass containers to Constellation's Nava brewery.Says supply under the agreement, primarily from O-I's plant in Waco, Texas, begins in late 2015.Says O-I is expected to supply the output from at least one furnace under this agreement.  Full Article

Owens-Illinois Inc narrows FY 2014 EPS guidance to a range in line with analysts' estimates - Conference Call
Wednesday, 30 Jul 2014 08:00am EDT 

Owens-Illinois Inc:Narrows FY 2014 EPS guidance range to $2.85 to $3.05 per share.FY 2014 EPS of $2.97 - Thomson Reuters I/B/E/S.  Full Article

Owens-Illinois reaffirms FY 2014 EPS guidance - Conference Call
Thursday, 5 Jun 2014 08:40pm EDT 

Owens-Illinois Inc:Expects FY 2014 guidance remains unchanged at $2.80 to $3.20 per share adjusted EPS.FY 2014 EPS of $2.97 - Thomson Reuters I/B/E/S.  Full Article

Owens-Illinois reaffirms FY 2014 EPS guidance
Tuesday, 29 Apr 2014 04:06pm EDT 

Owens-Illinois Inc:Expects FY 2014 adjusted EPS range of $2.80-$3.20 remains unchanged.FY 2014 EPS of $3.04 - Thomson Reuters I/B/E/S.  Full Article

Venezuela motion in Owens-Illinois case dismissed by arbitration group

CARACAS - The International Centre for Settlement of Investment Disputes (ICSID) has dismissed a proposal by Venezuela to disqualify arbitrators handling a case brought by Owens-Illinois.

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