CB&I Shareholders Vote in Favor of Shaw Group Acquisition

CB&I

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

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

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