CB&I (CBI) Receives Shareholder Approval for Shaw (SHAW) Merger
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CB&I (NYSE: CBI) 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 (NYSE: SHAW) 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.
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.
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