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Owens-Illinois, Inc. Message Board

  • nellgwyn nellgwyn Nov 24, 2000 4:23 PM Flag

    armstrong

    there was an article in this morning's new york times business section saying that armstrong had just defaulted on some debt and this was a signal that armstrong was about to declare bk

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    • 1 )Armstrong Defaults on $50 Million Loan
      By
      THE NEW YORK TIMES
      Armstrong Holdings Inc.
      disclosed late Wednesday that a subsidiary, Armstrong World
      Industries, had failed to repay $50 million of commercial
      paper that had matured
      that day.
      Date: November
      24, 2000
      Source: The New York Times | Section:
      Business

      2 )
      Armstrong Holdings May Seek Bankruptcy

      By BLOOMBERG NEWS
      LANCASTER, Pa., Nov. 16
      (Bloomberg News) �
      Armstrong Holdings Inc., North
      America�s largest maker of vinyl flooring, may seek Chapter
      11 bankruptcy-court protection if it cannot find
      additional funds in the next few
      months to cover
      asbestos-related claims.
      Date: November 17, 2000
      Source: The
      New York Times | Section: Business

 
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