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SHAW INDUSTRIES, INC. FILES FOR OFFERING OF COMMON STOCK

 DALTON, Ga., Nov. 20 ~PRNewswire~ -- Shaw Industries, Inc. (NYSE: SHX) today announced that is has filed a registration statement with the Securities and Exchange Commission for a public offering of 4 million shares of common stock by the company. The company intends to use the net proceeds to reduce short-term borrowings.
 The company has granted the underwriters an option to purchase up to an additional 600,000 shares to cover over-allotments, if any.
 Merrill Lynch & Co. is manager for the offering.
 Shaw Industries, Inc., the world's largest carpet manufacturer, designs and manufactures tufted carpet for residential and commercial use.
 A registration statement relating to these securities has been filed with the Securities and 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 announcement shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy nor shall there be any sales 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.
 Written prospectuses may be obtained from Merrill Lynch & Co., World Financial Center, North Tower, New York, N.Y. 10281, Attention: Preliminary Prospectus Department, 212-449-8415.
 -0- 11~20~92
 ~CONTACT: Robert E. Shaw of Shaw Industries, Inc., 706-278-3812~
 (SHX)


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

TS-OS -- NY014 -- 3274 11~20~92 10:03 EST
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Publication:PR Newswire
Date:Nov 20, 1992
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