Armstrong Flooring Approved to Auction Itself Off in Bankruptcy

Armstrong Flooring Inc. won court approval to hold an auction for the company as part of a plan to exit bankruptcy oversight.

• Bids for the maker of vinyl sheets, planks and tiles are due June 14 and the auction would take place days later, company attorney Jennifer Madden said during a video-based court hearing on Thursday
• Should a buyer emerge, U.S. Bankruptcy Judge Mary Walrath would hold a hearing later in June to decide whether to approve the sale
• Armstrong filed a Chapter 11 bankruptcy after the company spent months trying to find a buyer and haggling with lenders, according ...