SOURCE: Industrial Info Resources

Industrial Info Resources

July 31, 2012 06:30 ET

Chicago Bridge & Iron to Acquire Shaw Group in $3 Billion Deal, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Jul 31, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Chicago Bridge & Iron Company (NYSE:CBI) (CB&I) (The Woodlands, Texas) has entered into a definitive agreement to acquire engineering, procurement and construction (EPC) giant The Shaw Group Incorporated (NYSE:SHAW) (Baton Rouge, Louisiana) in a cash and stock transaction valued at roughly $3 billion. The deal was unanimously approved by the boards of directors for both companies, and is still subject to regulatory approvals, as well as approval from the shareholders of both companies. It is expected to close in the first quarter of 2013. Industrial Info is tracking more than $104 billion in active projects worldwide involving Shaw, and more than $21 billion involving CB&I.

Other companies featured: Duke Energy Corporation (NYSE:DUK), Dominion Resources Incorporated (NYSE:D)

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