Shaw Purchased by CB&I

[Ksheed]

BATON ROUGE, La.--(BUSINESS WIRE)--Jul. 30, 2012-- The Shaw Group Inc. (NYSE: SHAW) today announced it has signed a definitive merger agreement with CB&I (NYSE: CBI) under which CB&I will acquire Shaw in a cash and stock transaction valued at approximately $3 billion.

http://ir.shawgrp.com/phoenix.zhtml?c=61066&p=irol-newsArticle&ID=1719734&highlight=

[Rennhack]

Thanks for sharing.

[Ksheed]

More information provided here.

http://djysrv.blogspot.com/2012/08/cb-surprises-investors-with-3-billion.html