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Mohawk Dal-Tile Agree To Merger

Mohawk, Dal-Tile Agree To MergerCalhoun, Ga.-based Mohawk Industries Inc. has entered into a definitive agreement with Dal-Tile International Inc., Dallas. Under the merger agreement, Mohawk will acquire Dal-Tile subject to stockholder and regulatory approvals, as well as other customary closing conditions. Dal-Tile stockholders will receive $11.00 in cash and 0.2414 shares of Mohawk common stock for each outstanding share of Dal-Tile stock. The transaction should be completed during the first quarter of this year. February 2002




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