$3 billion deal to be approved by Shaw shareholders
BATON ROUGE- Shareholders of Shaw Group Inc. (NYSE: SHAW) will meet to approve a merger with CB&I (NYSE: CBI).
CB&I is buying the Baton Rouge-based Shaw for more than $3 billion. Shaw stockholders will get about $46 per share when the deal is closed.
The meeting is set for December 21, 2012, at Shaw's corporate headquarters.