Faruqi & Faruqi, LLP is Seeking More Cash for the Shareholders of Shaw Group Inc. (SHAW)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Shaw Group Inc. (“Shaw” or the “Company”) (NYSE: SHAW) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Chicago Bridge & Iron Company N.V. (“CB&I”) (NYSE: CBI) in a cash-and-stock deal valued at approximately $3 billion. Under the terms of the proposed transaction, Shaw’s stockholders will receive $41.00 in cash and $5.00 in CB&I equity (0.12883 shares based on an agreed upon recent average stock price of $38.81 per share) for each share of Shaw’s common stock they own. The transaction values the proposed consideration at approximately $46.00 a share.
Whether Shaw’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Shaw’s shares and by how much this proposed transaction undervalues the Company to the detriment of Shaw’s shareholders are the key focus of this investigation.
If you own common stock in Shaw and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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