Levi & Korsinsky is investigating the Board of Directors of Shaw Group Inc. (“Shaw” or the “Company”) (NYSE: SHAW) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to CB&I (NYSE: CBI). Click here to learn how to join the action: http://zlk.9nl.com/shaw-group-shaw, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, Shaw shareholders will receive $41.00 in cash and 0.12883 shares of CB&I stock for each share of Shaw stock they own, representing a value of approximately $46.00 per share. The transaction has a total approximate value of $3 billion. The investigation concerns whether the Shaw Board of Directors breached their fiduciary duties to Shaw stockholders by failing to adequately shop the Company before entering into this transaction and whether CB&I is underpaying for Shaw shares, thus unlawfully harming Shaw stockholders. If you own common stock in Shaw and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://zlk.9nl.com/shaw-group-shaw. Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Shaw Group (NYSE:SHAW) hit a new 52-week high Tuesday as it is currently trading at $47.55, above its previous 52-week high of $47.53 with 340,529 shares traded as of 11:15 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Shaw Group (NYSE:SHAW) hit a new 52-week high Wednesday as it is currently trading at $47.25, above its previous 52-week high of $47.24 with 269,241 shares traded as of 12:50 p.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Shaw Group (NYSE:SHAW) hit a new 52-week high Tuesday as it is currently trading at $46.98, above its previous 52-week high of $46.96 with 260,577 shares traded as of 12:04 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.