DALTON, Ga., Jan. 4 /PRNewswire/ -- Shaw Industries, Inc. 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. The acquisition is expected to become effective on Jan. 8, 2001. As a result, shareholders of Shaw Industries, Inc. will receive $19 in cash for each share of common stock that they own at the time of the merger.

Beginning on or about Jan. 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.

Shaw Industries, Inc. is the world's largest manufacturer of tufted broadloom carpet. Berkshire Hathaway is a holding company owning subsidiaries engaged in a number of diverse business activities.