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Owens-Illinois Spinoff Proposes $610M Asbestos Claims Trust

By Rick Archer ( January 13, 2022, 10:48 AM EST) -- Paddock Enterprises, a spinoff of glassmaker Owens-Illinois, has submitted a proposed Chapter 11 plan to the Delaware bankruptcy court that would establish a $610 million trust fund to pay off its legacy asbestos liability....

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