70°
Baton Rouge, Louisiana
3 Day Outlook
Sun
76°
67°
80%
Mon
86°
64°
20%
Tue
82°
57°
10%

Latest Weather Blog

Follow our weather team on social media

Shaw shareholders vote for sale

2 years ago Friday, December 21, 2012 10:21:09 AM CST December 21, 2012 Friday, December 21 2012 Dec 21, 2012 in Top Story

BATON ROUGE-The Shaw Group, Baton Rouge's only Fortune 500 company, is set to be sold to CB&I. Shareholders voted today to approve the $3.04 billion sale to the Netherlands-based company.

The deal is worth $46 per share in cash and stock and is expected to close in mid-February.

Shaw Founder, Jim Bernhard, says there will be changes to the company's current structure, but he expects most Baton Rouge employees to remain in their present positions.

 

 

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Not Available
70°
69°
Sun
T-Storms
76°
67°
Mon
Partly Cloudy
86°
64°
Tue
Mostly Sunny
82°
57°
Wed
Mostly Sunny
81°
59°