CB&I Acquires Shaw in $3 Billion Deal Expanding Global Footprint
Chicago Bridge & Iron Company N.V. (NYSE:CBI), usually known as CB&I, and internationally as an energy infrastructure company, announced its agreement to acquire The Shaw Group Inc. (NYSE:SHAW), which specializes in power generation and government services, in a $3 billion deal.
The deal will pay $46 a share in cash and stock for Shaw’s shareholders, and represents a whopping 72 percent premium over the closing price of Shaw’s . . .
![]() SORRY! This content is exclusively for paying members. If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.
|