Chicago Bridge & Iron to Acquire Shaw Group in $3 Billion Deal, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwire) -- 07/31/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- (NYSE:CBI) (CB&I) (The Woodlands, Texas) has entered into a definitive agreement to acquire (EPC) giant (NYSE:SHAW) (Baton Rouge, Louisiana) in a cash and stock transaction valued at roughly $3 billion. The deal was unanimously approved by the boards of directors for both companies, and is still subject to regulatory approvals, as well as approval from the shareholders of both companies. It is expected to close in the first quarter of 2013. Industrial Info is tracking more than $104 billion in active projects worldwide involving Shaw, and more than $21 billion involving CB&I.
Other companies featured: (NYSE:DUK), (NYSE:D)
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Joe Govreau
713-783-5147
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Datum: 31.07.2012 - 04:30 Uhr
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News-ID 1137803
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