Armstrong World Industries to review strategic alternatives

By Lisa Kerner

Charlotte, N.C., Feb. 15 - Armstrong World Industries, Inc. has retained Lazard Freres & Co. LLC and Weil, Gotshal & Manges LLP to assist the company in reviewing strategic alternatives, according to a company news release.

In addition, The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust, which holds about 66% of the company's outstanding common shares, has retained Keating Muething & Klekamp PLL, Kaplan, Strangis and Kaplan, PA and Merrill Lynch as its advisers.

Armstrong World Industries is a Lancaster, Pa., manufacturer of floors, ceilings and cabinets.

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