Armstrong Flooring Announces Expiration And Preliminary Results Of Modified “Dutch Auction” Self-Tender Offer
Armstrong Flooring, Inc. (AFI)
Last armstrong flooring, inc. earnings: 3/3 07:00 am
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Source: Business Wire
LANCASTER, Pa.--(BUSINESS WIRE)-- Armstrong Flooring, Inc. (NYSE:AFI) (“Armstrong Flooring” or the “Company”) announced today the expiration and preliminary results of its modified “Dutch auction” self-tender offer to repurchase up to $50,000,000 in cash of its common stock. Armstrong Flooring’s modified “Dutch auction” self-tender offer expired at 12:00 a.m., New York City time, at the end of June 14, 2019. Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the self-tender offer, 4,991,757 shares of Armstrong Flooring’s common stock, including 215,068 shares of common stock that were tendered through notice of guaranteed delivery, were properly tendered (and not properly withdrawn) at a price at or below the final purchase price of $11.10 per share. In accordance with the terms of the self-tender offer and based on these preliminary results, which indicate
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