- Adopted an amendment to its existing shareholder rights plan that is intended to protect the value of the company's net operating loss carryforwards and related tax benefits.
- The amendment reduces, until September 30, 2009, the beneficial ownership threshold under USG's shareholder rights plan from 15% to 4.99%.
- CEO: "After careful consideration, our board of directors has determined that it is in the best interests of the company and our stockholders to modify the beneficial ownership threshold under our rights plan at this time"

Other headlines for [USG]

• 12/19/2008 10:19am
  (UR) Ukraine Pres: have transferred $1B to Russia for gas payments today- Note: 12.18 EU official expresses concerns over Russian threat to restrict gas supplies to Ukraine over debt dispute
  
• USG 12/5/2008 08:55am
  USG Corp Amends Rights Plan to Limit Future Changes that Could Adversely Impact Tax Benefits- Adopted an amendment to its existing shareholder rights plan that is intended to protect the value of the more...
  
• USG 11/21/2008 11:26am
  USG Corp Sees charge of $18M on capacity reductions - filing dated 11/17
  
• USG 11/21/2008 08:46am
  USG Corp Plans to sell $400M of contingent convertible senior notes (71% of the market cap)- USG has entered into an agreement to sell a total of $400M of 10% contingent convertible senior notes due 2018, more...
  
• BAS.GE 11/19/2008 07:12am
  BASF AG Cuts global output citing massive decline in key industries; previous year's earnings level will not be achieved; to shutdown 50% of capacity- The company is temporarily shutting down around 80 more...
  

Industrials sector headlines

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• FR.FR Today 01:28pm
  Valeo SA Moody's lowers Long term rating cut to Ba1 fom Baa3; now junk status; affects €1.1B worth of debt
  
• NSANY Today 01:24pm
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• DAL Today 01:19pm
  Delta Air Lines Inc Reports Dec load factor 80.1% v 77.7% y/y- ASMs 9.78M (+0.7% y/y) - RPMs 12.2M (-2.4% y/y)
  
• CAE Today 01:12pm
  Cascade Corp. Shares downgraded to underperform from neutral rating at DA Davidson (timing uncertain)