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Summary Box: CB&I to buy Shaw Group for $3.04B

By The Associated Press
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THE DEAL: Chicago Bridge & Iron Co. said Monday that it has agreed to buy Shaw Group Inc. for about $3.04 billion in cash and stock.

THE TERMS: Shaw shareholders will receive $41 in cash and CB&I stock worth about $5 for each of their Shaw shares. That represents an about 72 percent premium over Shaw’s Friday closing stock price.

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