Printer Friendly

MOHAWK INDUSTRIES ANNOUNCES PROPOSED STOCK OFFERING

 ATLANTA, April 2 /PRNewswire/ -- Mohawk Industries, Inc. (NASDAQ-NMS: MOHK) announced today that it has filed a Registration Statement with the Securities and Exchange Commission covering a proposed offering of 2 million shares of its common stock, of which 1,500,000 are proposed to be offered by the company and the balance by certain selling stockholders.
 In addition, the company will grant to the underwriters an option to purchase up to 300,000 additional shares solely to cover over allotments in the offering, if any.
 The First Boston Corporation, Kidder, Peabody & Co. Incorporated and Wheat First Butcher & Singer Capital Markets will act as the managing underwriters of the offering.
 Mohawk Industries, Inc. is a leading producer of both woven and tufted broadloom carpet for residential and commercial applications. Following its acquisition of Horizon Industries, Inc. in October 1992, Mohawk became the third-largest carpet manufacturer in the world. The company's production facilities are fully integrated from yarn preparation through finished goods. The company markets a wide variety of styles, primarily in the medium- to high-price points under its brand names Mohawk, Alexander Smith, Horizon, Mohawk Commercial, Harbinger and Helios.
 Copies of the preliminary prospectus may be obtained from any of the following:
 -- The First Boston Corporation
 Attn: Syndicate Department
 Park Avenue Plaza
 55 E. 52nd Street
 New York, NY 10055
 -- Kidder, Peabody & Co. Incorporated
 Attn: Syndicate Department
 10 Hanover Square
 New York, NY 10005
 -- Wheat First Butcher & Singer
 Attn: Syndicate Department
 901 East Byrd Street
 Richmond, VA 23219
 A registration statement relating to these securities has been filed with the Securities & Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/2/93
 /CONTACT: John D. Swift, vice president-Finance of Mohawk Industries, 404-951-6000/
 (MOHK)


CO: Mohawk Industries, Inc. ST: Georgia IN: TEX SU: OFR

BR -- AT001 -- 2364 04/02/93 07:53 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 2, 1993
Words:369
Previous Article:SAFEWAY ANNOUNCES NEW GENERAL COUNSEL; ROSNER TO RETIRE, ROSS TO JOIN COMPANY
Next Article:N.C. SUNCARE COMPANY OFFERS EXPANDED LINE, INCREASED DISTRIBUTION
Topics:


Related Articles
MOHAWK INDUSTRIES ANNOUNCES INITIAL PUBLIC OFFERING
MOHAWK INDUSTRIES ANNOUNCES RESULTS OF STOCK PRICE CALCULATION FOR HORIZON ACQUISITION
MOHAWK INDUSTRIES INC. ANNOUNCES RECORD EARNINGS FOR 1992
MOHAWK INDUSTRIES ANNOUNCES AGREEMENT TO ACQUIRE AMERICAN RUG CRAFTSMEN
MOHAWK INDUSTRIES ANNOUNCES RECORD FIRST QUARTER EARNINGS
MOHAWK INDUSTRIES ANNOUNCES PUBLIC OFFERING
MOHAWK INDUSTRIES ANNOUNCES CONSUMMATION OF ACQUISITION OF FIELDCREST CARPET AND RUG DIVISION
Mohawk Industries, Inc. Announces Secondary Offering Of 4,100,000 Shares at $25.50 Per Share
Mohawk Industries, Inc. Announces Acquisition of Newmark & James, Inc.
Mohawk Industries, Inc. Announces Closing The Acquisition Of Newmark & James, Inc.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters