CALHOUN, Ga.--Mohawk Industries Inc. has completed the previously announced acquisition of Dal-Tile International Inc.
Under the terms of the acquisition agreement, Mohawk paid $11 in cash and .2213 of a share of Mohawk common stock for each outstanding share of Dal-Tile common stock. The total value of the acquisition is approximately $1.8 billion. The acquisition included approximately $710 million of cash, approximately 15 million shares of Mohawk common stock and stock options valued at approximately $920 million as of closing and the assumption of approximately $200 million of Dal-Tile's debt.