The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Rigrodsky & Long, P.A. Announces Investigation Of The Shaw Group Inc. Buyout

Monday, July 30, 2012

Rigrodsky & Long, P.A. Announces Investigation Of The Shaw Group Inc. Buyout16:38 EDT Monday, July 30, 2012 WILMINGTON, Del. (Business Wire) -- Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of The Shaw Group Inc. (“Shaw” or the “Company”) (NYSE: SHAW) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Chicago Bridge & Iron Company N.V. (“CB&I”) (NYSE: CBI) in a transaction valued at approximately $3.04 billion. Click here to learn more: http://www.rigrodskylong.com/investigations/the-shaw-group-inc-shaw. Under the terms of the proposal, public shareholders of Shaw 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 they own. The investigation concerns whether Shaw's board of directors failed to adequately shop the Company and obtain the best possible value for Shaw's shareholders before entering into an agreement with CB&I. If you own the common stock of Shaw and purchased your shares before July 30, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/the-shaw-group-inc-shaw. Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome. Rigrodsky & Long, P.A.Peter Allocco888-969-4242516-683-3516Fax: 302-654-9430info@rigrodskylong.comhttp://www.rigrodskylong.com