CB&I Acquires Shaw in $3 Billion Deal Expanding Global Footprint – ValueWalk Premium

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 . . .

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