The bankruptcy court in Greensboro, N.C., has approved an amended acquisition proposal of $614 million (subject to
adjustment) from WL Ross & Co. LLC as the highest and best received from the
auction conducted on July 28, 2003.
Congoleum Corp. has announced that it is seeking bondholders' approval of certain amendments to the indenture governing its 8 5/8 percent senior notes due 2008.
Six floor covering distributors in the Seattle-Tacoma area hosted Floor-A-Palooza, a one-day sales event for retail customers, 10 a.m. to 3 p.m. July 25.
Armstrong World Industries has disclosed that Chan W. Galbato, president and CEO of Armstrong Floor Products, will leave the company to pursue other opportunities.
The Dixie Group Inc. has reported net income of $1.4 million, or $0.12 per diluted share, for the second quarter ended June 28, 2003, compared with net income of $3.0
million, or $0.25 per diluted share, for the prior-year period.
Mohawk Industries Inc. announced that W. L. Ross & Co. and Mohawk were successful in their bid for substantially all of the assets of Burlington Industries Inc.