Report: The Shaw Group's shareholders vote to sell - WLOX.com - The News for South Mississippi

Report: The Shaw Group's shareholders vote to sell

  • Inside WLOX.comMore>>

  • Shaw Group agrees to sell company

    Shaw Group agrees to sell company

    Chicago Bridge & Iron Co. says it has agreed to buy Shaw Group Inc. for about $3.04 billion in cash and stock. The Woodlands, TX-based company, also known as CB&I, said the addition of Baton Rouge,More >>
    In a bombshell economic announcement, Baton Rouge's only Fortune 500 Company, The Shaw Group, is agreeing to a buyout and will sell the company to a business from Texas.More >>
BATON ROUGE, LA (WAFB) -

Reports have surfaced that shareholders of The Shaw Group voted Friday to sell the company to Chicago Bridge & Iron Co. for $3.04 billion.

The Greater Baton Rouge Business Report broke the news Friday morning.

News of the buyout deal were first announced in July.

The Shaw Group is Baton Rouge's only Fortune 500 company.

CB&I is a Netherlands-based company with administrative headquarters in The Woodlands, TX.

The deal is worth $46 per share in cash and stock.

According to the Business Report, the deal could close by mid-February.

It is still contingent on Nuclear Regulatory Commission approval and receipt of Shaw's cash settlement for the sale of its Westinghouse stake.

Copyright 2012 WAFB. All rights reserved.

  • NEWSMore>>

  • Biloxi community market continues to thrive

    Biloxi community market continues to thrive

    Thursday, July 20 2017 12:29 PM EDT2017-07-20 16:29:34 GMT
    The farmers market is now known as the community market, but it's in the same location under the I-110 bridge. (Photo source: WLOX)The farmers market is now known as the community market, but it's in the same location under the I-110 bridge. (Photo source: WLOX)

    The name may have changed, but the goal remains the same. Bring people into downtown Biloxi for fresh fruits and vegetables, as well as a good time.

    More >>

    The name may have changed, but the goal remains the same. Bring people into downtown Biloxi for fresh fruits and vegetables, as well as a good time.

    More >>
  • Three more arrested in Ocean Springs armed robbery case

    Three more arrested in Ocean Springs armed robbery case

    Thursday, July 20 2017 11:38 AM EDT2017-07-20 15:38:46 GMT
    Nicholas Jvante Brothern (Photo source: Ocean Springs Police Department)Nicholas Jvante Brothern (Photo source: Ocean Springs Police Department)

    Police have one person in custody followed an alleged armed robbery in Ocean Springs Wednesday evening.

    More >>

    Ocean Springs police say three more people reportedly linked to a Walmart armed robbery are in custody. One suspect is a 16-year-old. The others are 18-year-old Albert Morgan III and 20-year-old Gary Desean Perkins. Police charged the trio with armed robbery. Investigators say they were in the get away vehicle Wednesday when Nicholas Jvante Brothern reportedly jumped in and took off.

    More >>
  • Summer heat cranks up, practice heat safety

    Summer heat cranks up, practice heat safety

    Thursday, July 20 2017 11:28 AM EDT2017-07-20 15:28:13 GMT
    It's a hot one today. High temperatures will be in the mid 90s with heat index up to around 108 degrees.It's a hot one today. High temperatures will be in the mid 90s with heat index up to around 108 degrees.

    A hot weather pattern is setting up for the rest of the work week. High temperatures will be in the low to mid 90s with heat index up to around 108 degrees.

    More >>

    A hot weather pattern is setting up for the rest of the work week. High temperatures will be in the low to mid 90s with heat index up to around 108 degrees.

    More >>
Powered by Frankly