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O-I Glass Completes Corporate Modernization, Adopts New Holding Company Structure

O-I Glass has replaced O-I as the public company trading on the NYSE under the ticker symbol OI.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

O-I Glass, Inc. announced the completion of its previously announced corporate modernization and adoption of a new holding company structure.

Pursuant to the corporate modernization, all stockholders of Owens-Illinois, Inc. (O-I) became stockholders of O-I Glass, as each issued and outstanding share of common stock of O-I converted into an equivalent corresponding share of common stock of O-I Glass. O-I Glass has replaced O-I as the public company trading on the New York Stock Exchange (NYSE) under the ticker symbol OI, and has the same directors, officers and business operations as O-I.   

The company believes that the corporate modernization will improve the company’s operating efficiency and cost structure. 

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