Shares of Shaw Industries ceased trading on the New York Stock Exchange at the close of business Jan. 8. Thereafter, record holders of Shaw Industries common stock were provided with letters of transmittal for delivery of their stock certificates to the exchange agent in order to receive the merger consideration.
Berkshire Hathaway closes its purchase of Shaw
The acquisition of Shaw Industries Inc. by an investor group led by Berkshire Hathaway Inc. is now effective. As a result of the acquisition, shareholders of Shaw Industries (other than the investor group) will receive $19 in cash for each share of common stock that they own at the close of business as of Jan 8, 2001.