Chicago Bridge & Iron, a construction and engineering company that focuses on the energy industry, has agreed to buy rival Shaw Group, in a deal valued at $3 billion.
Shaw stockholders will receive $46 in cash and stock per share, a 72 percent premium over the company’s July 27 closing price. The deal, which has been unanimously approved by both company’s boards, is expected to close in early 2013.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
