Nuts & Bolts: Carlisle Potential Bid for Owens Corning

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Nuts & Bolts: Carlisle Potential Bid for Owens Corning

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Nuts & Bolts

Carlisle Potential Bid for Owens Corning

Industry Overview

WSJ Reported That CSL Made Unsolicited Offers For OC 06 July 2026

The Wall Street Journal (WSJ) reported that Carlisle Companies (CSL) made more than High Grade Credit

one unsolicited offer to acquire Owens Corning (OC) in what would be a well-over $10bn United States

deal. WSJ stated that OC so far hasn't engaged substantially with CSL, which made the Aerospace/Defense, Autos, Capital

Goods, Transportationoffers in recent months. WSJ noted that CSL proposed using a mix of cash and stock to

acquire OC at a significant premium to where its shares have been trading this year. Douglas Karson

US Decides Against USMCA Renewal, Shift to Rolling Talks ResearchBofAS Analyst

Bloomberg (BBG) reported that the US won’t renew its trade deal with Canada and +1doug.karson@bofa.com646 855 7405

Mexico, choosing instead to conduct annual reviews of the pact in a decision that risks Somaia Barakah

adding uncertainty for companies producing goods across North America. BBG stated Research Analyst

BofAS

the US-Mexico-Canada Agreement (USMCA) will remain in force for another a decade somaia.barakah@bofa.com

provided no one country decides to exit. Shane Steinlauf

General Motors and Ford 2Q26 Sales Down YoY ResearchBofAS Analyst

shane.steinlauf@bofa.com

General Motors (GM) and Ford (F) released 2Q sales data. GM’s 2Q sales decreased 4.2%

YoY to 714,896 vehicles, reflecting the smaller electric vehicle market, discontinued

vehicles and some inventory constraints. Ford’s total 2Q sales decreased 10% YoY to Exhibit 1: U.S. Mutual Fund Flows

549,200, reflecting the model phase-outs and a 69% drop in daily rental sales. Changes in mutual fund flows