Armstrong Begins Secondary Stock Offering
Lancaster, PA, Nov. 6, 2012 -- Armstrong World Industries has begun a secondary public stock offering of 5.2 million common shares held by The Armstrong World Industries Asbestos Personal Injury Settlement Trust and Armor TPG Holdings LLC.
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The underwriters will have a 30-day option to purchase up to an additional 780,000 common shares.
The company itself is not selling any shares and will not receive any proceeds from the offering.