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SHAW INDUSTRIES ANNOUNCES TERMINATION OF AGREEMENT

 DALTON, Ga., June 15 /PRNewswire/ -- Shaw Industries, Inc., (NYSE: SHX) and Capital Carpet Industries, Pty., Ltd. today announced the termination of their agreement in principle regarding the formation of a joint venture to participate on the Australian carpet market.
 In commenting on the transaction, Robert E. Shaw, president and chief executive officer of Shaw Industries, stated, "After extensive negotiations, we were not able to consummate a transaction which was satisfactory to all the parties involved."
 Mr. Shaw added that he does not expect to resume negotiations on this transaction in the near future.
 Shaw Industries, Inc., with corporate officer in Dalton, manufacturers and sells carpeting to retailers and distributors throughout the United States and exports to several overseas markets.
 -0- 6/15/93
 /CONTACT: Robert E. Shaw of Shaw Industries, 706-278-3812/
 (SHX)


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

LD-SM -- NY104 -- 2347 06/15/93 17:07 EDT
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Publication:PR Newswire
Date:Jun 15, 1993
Words:150
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