BATON ROUGE- Crews began removing signs from the former Shaw compound on Essen Lane Wednesday, after a multi-billion dollar deal to purchase the business was closed.
CB&I completed its acquisition after signing documents at the Secretary of State's Office earlier in the day. The move means the Capital City... more »
BATON ROUGE - CB&I completed its acquisition of The Shaw Group Inc. Wednesday, a move that means Baton Rouge will no longer be headquarters for a Fortune 500 company. CB&I and Shaw shareholders overwhelmingly approved the $3 billion deal in December. CB&I will operate Shaw as a separate business unit... more »
BATON ROUGE- Wednesday morning, Shaw and CB&I will sign the dotted line and seal the deal on a multi-billion dollar purchase. CB&I is buying the area's only Fortune 500 company.
Shaw employs around 4,000 people in Louisiana, a thousand work in Baton Rouge.
"We have a commitment from... more »
BATON ROUGE - The Shaw Group President, Chairman and CEO Jim Bernhard said "not all change is bad" after the company he started sold for $3.04 billion to Texas-based CB&I, formerly known as Chicago Bridge and Iron Co.
Investors gained more than a 55 percent return from Friday when... more »
BATON ROUGE - Chicago Bridge & Iron Co. says it has agreed to buy Baton Rouge-based Shaw Group Inc. for about $3.04 billion in cash and stock. The company, also known as CB&I, says the addition of Shaw will create one of the most complete companies building equipment to tap... more »