Armstrong World Industries asks court for extensions to exclusivity

By Jeff Pines

Washington, Aug 24 - Armstrong World Industries Inc. asked the U.S. Bankruptcy Court for the District of Delaware Monday to extend its exclusive right to file a reorganization plan until April 4, 2005 and to extend its exclusive right to solicit votes for the plan until June 6, 2005.

The flooring company's existing exclusive periods are scheduled to end Oct. 4 and Dec. 3.

In asking for the extension, Lancaster, Pa.-based Armstrong 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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