Armstrong Asbestos Trust Sells 2.7 Million Shares

Lancaster, PA, Feb. 26, 2015 -- The Armstrong World Industries Asbestos Personal Injury Settlement Trust said that it had sold 2,739,944 shares of Armstrong common stock to a financial institution.

“The Trust intends to continue as an investor in the Company and supports the Company’s Board and management team through their decision to separate the ceiling and flooring businesses,” said Harry Huge, managing trustee, in a press release.

After the sale of common stock, the Trust will own approximately 12% of the firm's common shares.