CB&I Shareholders OK $3B Plan To Merge With Shaw

Law360, New York (December 19, 2012, 5:32 PM EST) -- Shareholders in energy infrastructure firm Chicago Bridge & Iron Co. have voted overwhelmingly in favor of a $3 billion merger with Shaw Group Inc., CB&I said Wednesday, moving the firms closer to a deal that will spawn one of the world's biggest engineering and construction companies.

The holders of more than 90 percent of the shares who voted at Tuesday's special meeting signaled their support of the acquisition, according to the company, overcoming the scrutiny of some investors who had said the proposal came after the...
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