Armstrong World Industries exclusive periods extended

New York, Sept. 17 - Armstrong World Industries Inc. was given a requested extension in its exclusive right to file a reorganization plan until April 4, 2005 and its exclusive right to solicit votes for the plan until June 6, 2005.

The Lancaster, Pa.-based flooring company's existing exclusive periods were scheduled to end Oct. 4 and Dec. 3.

The motion to extend was granted in an order filed with the U.S. Bankruptcy Court for the District of Delaware on Friday.

In asking for the extension, Armstrong had noted its case is large and complex, with 50 factories in 15 countries, and the company's case involves asbestos personal injury claims.

The company also said it is making its post-petition payments generally on time and that it is making progress on the path of reorganization. For example, it reached a global settlement for company liability involving asbestos property damage claims.

The company filed for bankruptcy on Dec. 6, 2000 to resolve its asbestos liability. Its Chapter 11 case number is 00-4471.

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