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MOHAWK INDUSTRIES ANNOUNCES INITIAL PUBLIC OFFERING

 MOHAWK INDUSTRIES ANNOUNCES INITIAL PUBLIC OFFERING
 ATLANTA, April 1 /PRNewswire/ -- Mohawk Industries, Inc. announced


today the initial public offering of 2.7 million shares of its common stock at $15 per share. The company has granted the Underwriters an option to purchase up to an additional 405,000 shares to cover over- allotments, if any. The common stock will trade on the NASDAQ National Market System under the symbol "MOHK".
 The First Boston Corporation and Kidder, Peabody & Co. Incorporated are the managers of the underwriting syndicate offering the stock to the public.
 Net proceeds to the company from the sale of stock will be used to retire indebtedness incurred and to redeem preferred stock issued in connection with the purchase of the Mohawk Carpet Corporation from Mohasco Corporation.
 Mohawk Industries, Inc. is a major manufacturer of woven and tufted broadloom carpet for residential and commercial markets. The company designs, manufacturers and markets over 180 styles of carpets in a broad range of colors, textures and patterns and is widely recognized through its two premier brand names, "Mohawk" and "Alexander Smith", and markets its products primarily through specialty retailers and commercial dealers and to selected end users.
 -0- 4/1/92
 /CONTACT: Joseph D. Fashano, vice president of First Boston, 212-909-2107/
 (MOHK) CO: Mohawk Industries Inc. ST: Georgia IN: TEX SU: OFR


SH -- NY016 -- 3761 04/01/92 09:29 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 1, 1992
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