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SHAW INDUSTRIES COMMENTS ON STOCK SPLIT INQUIRIES

 DALTON, Ga., Aug. 18 /PRNewswire/ -- Mr. Robert E. Shaw, president and chief executive officer of Shaw Industries, Inc. (NYSE: SHX) today stated that he had been made aware of several inquiries regarding the likelihood of a split of Shaw Industries' common stock. Mr. Shaw, commenting on the possibility of any such action said, "At present, we do not have enough authorized shares to permit a two-for-one stock split. This is something we intend to address at our annual shareholders meeting in October. Our board of directors has already approved an increase in our authorized shares."
 Mr. Shaw continued, "Assuming the shareholders approve the increase in the authorized shares, we expect to immediately propose a two-for-one stock split to be effected in the form of a 100 percent stock dividend. In the past we have had several two-for-one splits."
 Shaw Industries, Inc. with corporate offices in Dalton, manufactures and sells carpeting to retailers and distributors throughout the United States and the United Kingdom and exports to several overseas markets.
 -0- 8/18/93
 /CONTACT: Robert E. Shaw of Shaw Industries, Inc., 706-278-3812/
 (SHX)


CO: Shaw Industries, Inc. ST: Georgia IN: TEX SU:

SM-SH -- NY043 -- 3943 08/18/93 13:37 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
Words:200
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