Brief: Armstrong Flooring Announces Results Of Chapter 11 Auction For Chinese And Australian Businesses

Armstrong Flooring

11/07/2022 20:19

July 11 (Reuters) - Armstrong Flooring Inc  AFIIQ.PK :
    * ARMSTRONG FLOORING ANNOUNCES RESULTS OF CHAPTER 11 AUCTION
FOR
CHINESE AND AUSTRALIAN BUSINESSES
    * ARMSTRONG FLOORING INC- COWES BAY WILL ACQUIRE
SUBSTANTIALLY ALL
OF COMPANY'S AUSTRALIAN ASSETS FOR $31 MILLION PLUS ASSUMPTION
OF SPECIFIED LIABILITIES
    * ARMSTRONG FLOORING INC - GIANT GROUP WILL ACQUIRE EQUITY
INTERESTS IN CO'S HONG KONG HOLDING COMPANY UNIT FOR $59 MILLION
    * ARMSTRONG FLOORING INC- GIANT GROUP AND COWES BAY WILL
OPERATE
CHINESE AND AUSTRALIAN BUSINESSES, RESPECTIVELY
    * ARMSTRONG FLOORING INC- CHINESE AND AUSTRALIAN BUSINESSES
WILL
CONTINUE TO OPERATE AS USUAL PENDING CONSUMMATION OF RESPECTIVE
SALES
    * ARMSTRONG FLOORING INC - PROPOSED TRANSACTIONS WILL BE
HEARD AT
A U.S. BANKRUPTCY COURT HEARING CURRENTLY SCHEDULED FOR JULY 12,
2022

Source text for Eikon:  ID:nGNX2NGrDh 
Further company coverage:  AFIIQ.PK 

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