Mohawk Shares Climb on Buy-Out Speculation

New York, NY, May 11, 2007--Buyout-related speculation earlier this week ignited trading in Mohawk Industries Inc.

The shares climbed $3.29, or 3.6%, to $96.03 Wednesday.

The company told the NYSE it had no comment on the stock activity. Active options contracts included calls that give the right to buy Mohawk shares at $100.

But one analyst, Michael Rehaut of J.P. Morgan, said he he thought it would be highly unlikely the company would go private and "therefore such speculation is baseless."