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ShawCor sale will draw big crowd, high price
ShawCor sale will draw big crowd, high price
(Ewan Nicholson/)

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Amid Progress, Nexen bids, ShawCor’s deal moves quietly toward finish line

Amid the takeover controversy around resource producers such as Nexen Inc. and Progress Energy Resources, one very large potential takeover of a Canadian company is ticking toward the finish line with little fanfare.

ShawCor Ltd. shares have steadily been climbing since the company announced in September that it was putting itself up for sale, as investors grow more comfortable with the possibility that a deal for the pipeline coating maker will be in the bag by year-end.