Investing.com -- Owens Corning shares rose nearly 9% at midday on Monday, reversing earlier losses, after the Wall Street Journal reported that Carlisle made unsolicited offers to acquire the company.

Construction-products supplier Carlisle reportedly approached rival Owens Corning with takeover proposals. Owens Corning has not engaged substantially regarding a potential deal, WSJ said.

Carlisle Companies shares fell 5% following the report.