Shaw Concludes Hart-Scott-Rodino Process, Sees Proceeds $300M

The Shaw Group Inc.

today announced it was informed by the Federal Trade Commission of the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to the pending sale of its Energy & Chemicals business. Termination of the waiting period is one of the last remaining hurdles to completing the sale of the business to Technip, which was announced May 21, 2012. Both parties are targeting a closing by the end of August.