November 20, 2017 / 12:47 PM / a month ago

BRIEF-Armstrong World Industries to sell EMEA and Pacific Rim businesses to Knauf International

Nov 20 (Reuters) - Armstrong World Industries Inc

* Armstrong World Industries to sell EMEA and Pacific Rim businesses to Knauf International

* Armstrong World Industries Inc - ‍agreement to sell to Knauf for an enterprise value of $330 million​

* Armstrong World Industries Inc - ‍net cash to AWI of approximately $250 million expected mid-year 2018​

* Armstrong World Industries sees ‍returning majority of net proceeds to shareholders, in a manner and timing to be approved by its board of directors​

* Armstrong World Industries Inc - will realize approximately $250 million in transaction related net cash​ Source text for Eikon: Further company coverage:

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