The Shaw Group has completed a $500 million stock repurchase program. The Baton Rouge-based engineering firm purchased nearly 13.7 million shares of its stock at an average price of $36.51 per share. Shaw announced in January it would buy back the shares out of the $1.6 billion in available cash it had set aside for short-term investments. Shaw officials say the stock repurchase is a good value for shareholders.
Shaw completes stock buyback program
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