US engineering giants in $3bn merger
NYSE-listed engineering and industrial services giant, Shaw Group, has signed an agreement to be acquired by Chicago-headquartered CB&I, a rival publicly-quoted engineering, procurement and construction business focused on the energy and natural resources sector. The deal was unanimously approved by the boards of both parties, and is valued at approximately US$3 billion. Completion is expected during the first quarter of 2013. CB&I will...
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