Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, August 3, 2012

CB&I surprises investors with $3 billion takeover of Shaw

CB&I surprises investors with $3 billion takeover of Shaw

Stockholders will receive $46/share, a 72% premium
Chicago bridgeChicago Bridge & Iron (NYSE:CBI) agreed to acquire The Shaw Group (NYSE:SHAW) for $3.04 billion in cash and stock on July 30. The surprise move extends CB&I’s growth into the U.S. power generation market particularly nuclear energy. http://djysrv.blogspot.com/2012/08/cb-surprises-investors-with-3-billion.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2FYiuo+%28Idaho+Samizdat%29&utm_content=Google+Reader

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