Walter Industries gets federal clearance for Mueller Water Products acquisition

Walter Industries, Inc. today announced that early termination of the antitrust waiting period under the Hart-Scott-Rodino Act has been granted for the company's planned purchase of Mueller Water Products Inc...

TAMPA, FL, Sept. 6, 2005 (PRNewswire-FirstCall) -- Walter Industries, Inc. today announced that early termination of the antitrust waiting period under the Hart-Scott-Rodino Act has been granted for the company's planned purchase of Mueller Water Products Inc.

The transaction remains subject to various customary closing conditions, including the funding of financing. The company continues to expect that the transaction will close within the next several weeks.

Walter Industries Inc. (www.walterind.com) is a diversified company with 2004 revenues of $1.5 billion. It's a leader in affordable homebuilding, financing, and water transmission products, and is a significant producer of high-quality metallurgical coal for worldwide markets. Based in Tampa, Fla., the company employs approximately 5,200 people.

For more information on Mueller Water Products, see: www.muellercompany.com/test/mueller_water/water.php.

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