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Shaw Industries Acquired By Berkshire Hathaway

DALTON, Ga., Jan. 8 /PR Newswire/ -- Shaw Industries, Inc. (NYSE: SHX),announced that the acquisition of Shaw Industries by an investor group led by Berkshire Hathaway Inc. (NYSE: brKA, brKB) became effective today. As a result of the acquisition, shareholders of Shaw Industries (other than the investor group) will receive $19.00 in cash for each share of common stockwhich they own at the close of business today. Shares of Shaw Industries will cease trading on the New York Stock Exchange at the close of business today. Beginning on or about January 9,2001, record holders of Shaw Industries common stock at the close of business,today, will be provided with letters of transmittal for delivery of their stock certificates to the exchange agent in order to receive the merger consideration.SOURCE Shaw Industries, Inc.Web Site: http://www.shawinc.com Copyright 2001 PR Newswire