Shaw Group Inc. (SHAW) announced Monday morning that it agreed to be acquired by Chicago Bridge & Iron (CBI) for $46.00 per share in cash and stock. The acquisition is expected to close in early 2013.
Shaw Group gapped open dramatically higher Monday, but gave back some of its early gains in the first half of the session. The stock ended the day higher by 14.80 at $41.49 on the highest volume of the year and leaped to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.