Market Overview

CB&I Shareholders Vote in Favor of Shaw Group Acquisition

Related CBI
CB&I Announces Plant Services Contract Renewal By Arizona Public Service
CB&I Announces Contract Renewal For Plant Services
How TRIA Renewal Could Impact Construction (Fox Business)

CB&I
(NYSE: CBI) today announced that at the Company's special meeting of
shareholders held on December 18, 2012, CB&I shareholders overwhelmingly
approved the proposal related to the acquisition of Shaw Group (NYSE: SHAW) by CB&I. The certified results indicate that over 90% of the
shares voting at the special meeting were voted in favor of the
acquisition proposal.

A majority of the acquisition's closing conditions have been met and
CB&I expects the transaction to close in the first quarter 2013, subject
to the satisfaction of remaining conditions.

About CB&I

CB&I
(NYSE: CBI) engineers and constructs some of the world's largest

See full press release

Posted-In: News Guidance Asset Sales Management M&A Global

 

Related Articles (CBI + SHAW)

Around the Web, We're Loving...

Get Benzinga's Newsletters