$3 billion deal to be approved by Shaw shareholders

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Posted: Nov 20, 2012 9:49 PM by Trey Schmaltz

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Topics: shaw, merger, deal, shareholders, nyse, stocks, sale, vote

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.

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