Wachtell Aids Chicago Bridge With $2B-Plus Shaw Buy

Law360, New York (July 30, 2012, 1:54 PM EDT) -- Energy infrastructure firm Chicago Bridge & Iron Co. is picking up Shaw Group Inc. for at least $2 billion, in a cash-and-stock deal that will create one of the world’s largest engineering and construction companies, the two announced Monday.

Inking a definitive merger agreement, CB&I has offered $41 in cash and $5 worth of its own stock for each Shaw share. The deal will be financed with a mix of cash on hand and about $1.9 billion in debt financing from Bank of America and Credit...
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