Dixie Group and Shaw voluntarily provide FTC additional time for merger review

CHATTANOOGA, Tenn. -- The Dixie Group Inc. has announced that, following informal discussions with the staff at the U.S. Federal Trade Commission (FTC), Dixie and Shaw Industries Group Inc. have agreed to voluntarily provide the FTC with additional time in which to review the proposed sale of certain Dixie assets to Shaw.

Since filing the initial pre-merger notification and report form under the Hart-Scott-Rodino Antitrust Act ("H-S-R") on Sept. 11, both parties have had informal discussions with the FTC staff and voluntarily provided additional information concerning the proposed transaction.