Content Tagged As shaw

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  • Shaw founder sued for using name "Shaw"

    June 18, 2013 11:34 PM

    BATON ROUGE- The Shaw Group, now part of CB&I since a buyout recently, is suing founder Jim Bernhard and others, accusing them of using the company's name. Bernhard and the three partners are being sued in an effort to stop them from using the name "Shaw" in two business... more »
  • Shaw stockholders OK sale

    December 21, 2012 2:17 PM

    BATON ROUGE- Shaw Group shareholders on Friday overwhelmingly approved the $3 billion sale of the company to CB&I. Company officials tell The Advocate that 83 percent of shareholders voted to approve the sale. A vote of at least 75 percent was required for the deal to go forward. Earlier this... more »
  • Shaw shareholders vote for sale

    December 21, 2012 12:21 PM

    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. ... more »
  • Shaw sets meeting for vote on sale

    November 21, 2012 10:43 AM

    BATON ROUGE - Shareholders of The Shaw Group Inc. will meet Dec. 21 to vote on the Baton Rouge company's $3 billion sale to CB&I. Shaw announced Tuesday that the meeting will be held at the company's Essen Lane headquarters. The Advocate reports those who hold shares of Shaw as... more »
  • $3 billion deal to be approved by Shaw shareholders

    November 20, 2012 9:49 PM

    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 »
  • Shaw Group President reacts to merger of companies Play Video

    July 30, 2012 6:28 PM

    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 »
  • Jindal, Moret say no reason to panic over Shaw merger Play Video

    July 30, 2012 5:56 PM

    BATON ROUGE- Governor Bobby Jindal vows to work with CB&I after the company announced plans to merge with Baton Rouge based Shaw Group. Jindal says companies have invested billions of dollars in Louisiana over the past few years. He says the company may have decided to act now with the... more »
  • Shaw Group posts 3rd-quarter loss of $16 million

    July 10, 2012 10:38 AM

    BATON ROUGE - The Shaw Group Inc. said today that losses narrowed in its fiscal third quarter, though most of that was because the company took a special impairment charge in the same period last year. The Baton Rouge technology and engineering firm reported a net loss of $16 million,... more »
  • Shaw inks deal to sevice power plants in Arizona, New Mexico

    February 27, 2012 3:09 PM

    Baton Rouge- The Shaw Group Incorporated has announced it has signed a new contract with Arizona Public Service Co. to provide maintenance and construction services to eight fossil power plants in Arizona and New Mexico. Shaw already holds a contract with APS to provide maintenance, modifications, construction and radiological... more »
  • Shaw Group building first nuclear reactor in decades

    February 9, 2012 3:05 PM

    BATON ROUGE - The Baton Rouge-based Shaw Group will build the first new nuclear power plant the U.S. has seen in decades. The Nuclear Regulatory Commission voted 4-1 to approve Atlanta-based Southern Co.'s request to build two nuclear reactors at its Vogtle site south of Augusta. Representatives from... more »
  • Audit finds Shaw overbilled for sand berms

    November 7, 2011 5:01 PM

    NEW ORLEANS - The Shaw Group may have overbilled the state about $500,000 after it was hired by Gov. Bobby Jindal's administration to build $250 million worth of sand berms along the Gulf of Mexico to block oil spewing from an out-of-control BP well from washing ashore, according to the... more »
  • Shaw Group to engineer plant in India

    December 8, 2010 11:04 AM

    BATON ROUGE - The Shaw Group Inc. says it has been selected by an India-based company to provide technology and engineering for an ethylene plant. Terms of the agreement were not disclosed Wednesday by Baton Rouge-based Shaw. The plant will be part of GAIL Ltd.'s petrochemical complex in Pata, India.... more »
  • La.-based company to help build sand berms

    June 4, 2010 11:04 AM

    The Shaw Group has been awarded a contract by the state's Office of Coastal Protection and Restoration to manage the construction of sand berms in response to the oil spill. The company will provide workers, equipment and materials to help build the barriers. The Shaw Group also helped in... more »
  • Shaw gets nuclear plant contract

    September 17, 2009 2:27 PM

    The Shaw Group has been awarded a six year contract with Ameren Corporation of Saint Louis. The Baton Rouge based group will provide maitenance services at the Callaway nuclear power plant in Missouri. No word as of yet on the terms of the contract. more »

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