Chicago Bridge & Iron Company N.V. (NYSE:CBI), usually known as CB&I, and internationally as an energy infrastructure company, announced its agreement to acquire The Shaw Group Inc. (NYSE:SHAW), which specializes in power generation and government services, in a $3 billion deal.
The deal will pay $46 a share in cash and stock for Shaw’s shareholders, and represents a whopping 72 percent premium over the closing price of Shaw’s shares as on Friday. Shaw was up almost 70 percent before the opening of trade this morning.
"We will become fully diversified across the...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
