Armstrong World (AWI) Announces $150M Accelerated Buyback
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Armstrong World Industries Announces $150 Million Accelerated Share Repurchase Program
August 2, 2018 8:00 AM EDTLANCASTER, Pa., Aug. 02, 2018 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (the Company or AWI) (NYSE: AWI) today announced that it has entered into a $150 million accelerated share repurchase agreement with Deutsche Bank AG.
The accelerated share repurchase agreement was entered into pursuant to the Company's previously announced expansion of its share repurchase authorization from $400 million to $700 million. The transaction is being funded with proceeds from the Companys previously announced sale of certain subsidiaries comprising its businesses in Europe, the Middle East and Africa (including Russia) and the Pacific Rim... More
