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.
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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... more »
BATON ROUGE - A new audit says the state education department had gaps in its monitoring of the academic performance of Louisiana's charter schools. The... more »
BATON ROUGE - The roads in Baton Rouge are designed to be shared, but a News 2 investigation revealed when city-parish vehicles are in wrecks... more »
BATON ROUGE - While no tickets sold in Louisiana matched the biggest Powerball jackpot in history this weekend, one ticket sold in Baton Rouge is... more »
PLAQUEMINE - Police say a teen wanted for a weekend shooting turned himself early Monday morning.
19-year-old Shannon Dale Holmes, Jr. of Addis is... more »
HARTFORD, Conn. - Railroad officials in Connecticut say the morning commute is going as well as can be expected following Friday's train collision that that... more »