Congoleum Corp. said it has reached an agreement in principle with attorneys representing more than 75 percent of the known present claimants with asbestos claims pending against Congoleum.
Congoleum Corp. announced that as part of its strategy to resolve its asbestos
liabilities, it is seeking bondholders' approval of certain amendments to the
indenture governing its 8 5/8 percent Senior Notes due 2008.