Is Buffet Looking at Armstrong World Industries?

New York, NY, January 2, 2008--DealReporter, citing unnamed sources, said that Berkshire Hathaway, owner of Shaw Industries, may again be pursuing Armstrong World Industries, according to Business Week.

The report said that Armstrong had earlier rejected an offer from Berkshire Hathaway Inc. because the bid was insufficient.

Sources said any deal could be delayed by the Asbestos Personal Trust, which retained Merrill Lynch as an adviser upon the initiation of the strategic review. Another possible hurdle could be Armstrong's hesitance to include its ceiling business, the strongest part of the company.

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