Berkshire Hathaway acquires remaining shares of Shaw Industries
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Posted 4:43PM on Monday 21st January 2002 ( 22 years ago )
OMAHA, NEBRASKA - Shaw Industries is now fully owned by billionaire Warren Buffett. <br>
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Berkshire Hathaway Inc., the investment firm Buffett heads, said Monday it has acquired the remaining 12 percent of the carpet maker's shares in a stock swap. <br>
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Berkshire exchange more than 4,700 Class A Berkshire shares for the Shaw shares, which were owned by a group including chief executive officer Robert Shaw, president Julian D. Saul and members of their families. <br>
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The transaction price was not disclosed. <br>
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Berkshire Hathaway owns or has invested in companies such as International Dairy Queen, The Washington Post and Coca-Cola. <br>
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Dalton-based Shaw is the world's largest manufacturer of tufted broadloom carpet.
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