029 Group SE

M&A Activity • Jun 11, 2001

News Details

Ad-hoc | 11 June 2001 20:33

Armstrong DLW AG english

Ad hoc announcement processed and transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– ARMSTRONG DLW AG ANNOUNCES TERMINATION OF DISCUSSIONS REGARDING THE SALE OF DESSO BIETIGHEIM-BISSINGEN, Germany JUNE 11, 2001 Armstrong OLW AG announced today that discussions have been terminated with CVC Capital Partners B.V. concerning the possible sale of the textile and sports flooring businesses in its Desso commercial carpet operations. On February 19, 2001, Armstrong DLW AG Issued an announcement that discussions had begun with CVC with a view towards a sale of Desso. According to President and CEO, Gerard L. Glenn, discussions ended after the parties were unable to come to agreement on all the issues. Mr. Glenn also stated, “We will continue to operate the Desso businesses, grow them profitably, and enhance shareholder value consistent with our strategic objectives”. Desso, with approximately 1,300 employees worldwide, manufactures textile and sports flooring in The Netherlands, Germany and Belgium. Based In Oss, The Netherlands, Desso had annual sales of approximately 300 million Euros in 2000. Gerard L. Glenn end of ad hoc announcement (c) DGAP 11.06.2001 ——————————————————————————– WKN: 551800; Index: Listed: Amtlicher Handel in Frankfurt, Berlin, Bremen, Düsseldorf, Hamburg, Hannover, München, Stuttgart 112033 Jun 01