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SHAW INDUSTRIES COMPLETES PUBLIC OFFERING

 DALTON, Ga., Dec. 11 /PRNewswire/ -- Shaw Industries, Inc. (NYSE: SHX) today announced the completion of a public offering of 4 million shares of common stock. The company intends to use the net proceeds to reduce short-term bank debt.
 Merrill Lynch & Co. is the underwriter for the offering. The company has granted the underwriter an option to purchase up to an additional 600,000 shares to cover over-allotments, if any.
 Shaw Industries, Inc. with corporate offices in Dalton, Ga., manufactures and sells carpeting to retailers and distributors throughout the United States and exports to several overseas markets.
 -0- 12/11/92
 /CONTACT: Robert E. Shaw of Shaw Industries, 404-278-3812/
 (SHX)


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

PS -- NY005 -- 6107 12/11/92 08:59 EST
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Publication:PR Newswire
Date:Nov 13, 1992
Words:128
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