Shaw shareholders OK $3.04 billion sale to CB&I
Shareholders of The Shaw Group, Baton Rouge's only Fortune 500 company, voted today to sell the company to CB&I, a Netherlands-based company with administrative headquarters in The Woodlands, Texas. The $3.04 billion deal, worth $46 per share in cash and stock, could close by mid-February, although the deal is contingent on Nuclear Regulatory Commission approval and receipt of Shaw's cash settlement for the sale of its Westinghouse stake. Read Daily Report PM for further details.
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