Armstrong Secondary Shares Priced at $51
Lancaster, PA, Nov. 11, 2013 -- Armstrong World Industries' secondary stock offering of 6 million shares will have an initial price of $51 per share.
The shares are held by the Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust and Armor TPG Holdings, L.P.
The company will not sell any shares in the offering and will not receive any proceeds from the offering.
The offering is expected to close by Wednesday.