Shaw Group (SHAW) Completes E&C Unit Sale to Technip; Nears Closing of CB&I Deal
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The Shaw Group Inc. (NYSE: SHAW) completed its previously announced divestiture of substantially all of its Energy & Chemicals business to Technip, effective Aug. 31, 2012. Proceeds from the transaction were approximately $290 million in cash.
The completion of this transaction also satisfies one of the conditions of the recently announced agreement for CB&I (NYSE: CBI) to acquire Shaw.
The completion of this transaction also satisfies one of the conditions of the recently announced agreement for CB&I (NYSE: CBI) to acquire Shaw.
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