Berkshire Hathaway Acquires Remaining Shares of Shaw Industries
Berkshire completed its $2 billion majority purchase of Shaw last January. On Monday, Berkshire said it had acquired the 12.7 percent of remaining common shares in exchange for 4,740 Class A Berkshire shares. The transaction price was not disclosed.
The Shaw shares were owned by a group including chief executive officer Robert Shaw, president Julian D. Saul and members of the Shaw and Saul families, as well as other members of Shaw management.