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Shaw Shareholders Approve Acquisition

DALTON, Ga., Jan. 4 /PR Newswire/ -- Shaw Industries, Inc. (NYSE: SHX),announced that at a special meeting of shareholders held today, its shareholders approved the previously announced acquisition of Shaw Industries,Inc. by an investor group led by Berkshire Hathaway Inc. (NYSE: brKA brKB).The acquisition is expected to become effective on January 8, 2001. As a result, shareholders of Shaw Industries, Inc. will receive $19.00 in cash for each share of common stock that they own at the time of the merger. Beginning on or about January 9, 2001, shareholders of record at the effective time of the merger 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




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