If shareholders of Shaw Industries approve the proposed acquisition, it is expected that it will become effective that day or shortly thereafter.
Proxy materials providing more information about the meeting will be mailed on or about December 8, 2000, to shareholders of record on November 10, 2000.
Shaw Industries, Inc. is the world's largest manufacturer of tufted broadloom carpet. Headquartered in Dalton, Georgia, Shaw sells carpeting and rugs for residential and commercial applications throughout the United States and exports to most markets worldwide.
