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Friday, December 21, 2012

Deals of the day -- mergers and acquisitions, (NYSE: MHK)

The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Friday: ** Mohawk Industries Inc, a U.S. ceramic tile maker, said on Thursday that it will purchase Italian ceramics manufacturer Marazzi Group for about $1.5 billion to boost its position in the United States, Russia and Europe.** Italian shipbuilder Fincantieri SpA plans to acquire Singapore-listed STX OSV Holdings for $1.2 billion to compete better in an industry dominated by South Korean companies.

Mohawk Industries, Inc. (Mohawk) is a producer of floor covering products for residential and commercial applications in the United States and residential applications in Europe. Shares of MHK remained unchanged at $87.04. In the past year, the shares have traded as low as $57.62 and as high as $89.28. On average, 525464 shares of MHK exchange hands on a given day and today's volume is recorded at 0.