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Stock impact report

European Commission Approves Proposed Sale of Armstrong World Industries EMEA and Pacific Rim Business to Knauf International

Armstrong World Industries Inc (AWI) 
Last armstrong world industries inc earnings: 4/27 06:00 am Check Earnings Report
US:NYSE Investor Relations: armstrong.com/home/ir.html
Company Research Source: GlobeNewswire
LANCASTER, Pa., Dec. 07, 2018 (GLOBE NEWSWIRE) -- Armstrong World Industries, Inc. (the “Company” or “AWI”) (NYSE:AWI) today announced the conditional clearance by the European Commission of the Company’s previously announced sale of certain subsidiaries comprising its EMEA and Pacific Rim businesses, including the businesses of the WAVE joint venture in EMEA and the Pacific Rim, as well as Armstrong France and WAVE France, to Knauf International GmbH (“Knauf”). Following its Phase I investigation, the European Commission concluded that the transaction, as modified by the commitments offered by Knauf, does not raise any competition concerns.  The commitments are intended to address concerns regarding the overlap between the activities of AWI and Knauf and include the divestment by Knauf to a third party of certain mineral fiber and grid businesses and operations of the Company in Austria, Estonia, Germany, Ireland, Italy, Latvia, Lithuania, Portugal, Spain, Turkey and the UK. This Show less Read more
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