Buffett’s Berkshire to Buy Rest of Shaw Stock
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Bloomberg News
Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. agreed to acquire the 13% of carpet maker Shaw Industries Inc. it doesn’t already own for about $354.6 million in stock.
The stake is held by a group that includes Shaw Chief Executive Robert Shaw and President Julian Saul, Omaha-based Berkshire said. Buffett’s investment company agreed to buy its 87% stake in the largest maker of tufted broadloom carpet in September 2000 for $2.07 billion in cash. Shaw is based in Dalton, Ga.
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