56Chevy
12 years ago
CB&I Drops Most in 11 Months on $3 Billion Shaw Purchase
By Thomas Black and Julie Johnsson on July 30, 2012
Chicago Bridge & Iron Co. (CBI) (CBI) fell the most in almost a year after agreeing to buy Shaw Group Inc. (SHAW) (SHAW) for about $3 billion as the energy construction and engineering company expands its nuclear building services.
The shares tumbled 14 percent to $34.94 at the close in New York, the steepest drop since Aug. 8. Shaw’s 55 percent gain to $41.49 was still short of CB&I’s $46 cash-and-stock offer, 72 percent more than the July 27 closing price.
“This is a big change in strategy” for CB&I, Chase Jacobson, a William Blair & Co. analyst in New York, said in a telephone interview. He said CB&I, based in The Hague, had described its approach to acquisitions (CBI) as being focused on smaller targets, “not more than doubling or almost tripling the company’s backlog and diversifying the entire company.”
Buying Shaw will widen CB&I’s role in the building of the first new nuclear reactors approved in the U.S. since 1978. Long plagued by cost overruns, regulatory hurdles and environmental concerns, the industry was dealt a fresh setback when reactors at Japan’s Fukushima plant melted down after a 2011 earthquake.
CB&I’s offer consists of $41 in cash and 0.12883 share for each share of Baton Rouge, Louisiana-based Shaw. The equity portion had a value of $5 a share based on the “recent average price” of $38.81 for CB&I, according to a company statement that didn’t give the period on which that figure was based.
Deal Valuation
The deal values Shaw at about 26 times earnings before interest, taxes, depreciation and amortization, according to data compiled by Bloomberg. The median paid in a survey of more than 40 similar engineering takeovers over the past decade was about 8.3 times Ebitda, the data show.
“It’s a pretty healthy price relative to trading values over the last couple of months,” Michael Dudas, a New York- based analyst at Sterne Agee & Leach Inc., said in a telephone interview. “I’m sure that’s something people are trying to get their arms around as well.”
[....]
http://www.businessweek.com/news/2012-07-30/cb-and-i-to-buy-shaw-group-for-3-billion-in-cash-and-stock
TraderRich
14 years ago
Shaw Group almost doubles profit
SAN FRANCISCO (MarketWatch) -- The Shaw Group Inc. (SHAW 34.70, -0.82, -2.31%) on Wednesday reported a second-quarter profit of $63.7 million, or 74 cents a share, up from $36.3 million, or 43 cents a share, a year ago as demand increased from the federal government. Earnings, excluding the Westinghouse segment, came in at 49 cents a share. Revenue fell to $1.6 billion, down from $1.7 billion a year ago. Analysts polled by FactSet Research were looking for a profit, on average, of 49 cents a share, with total revenue of $1.68 billion.
http://www.marketwatch.com/story/shaw-group-almost-doubles-profit-2010-04-07?siteid=nbsh
inflationista
15 years ago
BATON ROUGE, La.--(BUSINESS WIRE)--The Shaw Group Inc. (NYSE: SGR - News) today announced it has signed a strategic cooperation agreement with China’s State Nuclear Power Technology Corporation (SNPTC). The agreement is a task-order based contract, which allows both companies to issue tasks to support each other in growing nuclear infrastructure businesses.
This cooperation agreement fulfills the goals of a letter of intent between the two organizations. The signing, held in Washington, D.C., on April 27, was one of many agreements concluded between U.S. and Chinese firms organized by the China Chamber of Commerce for Import Export of Machinery and Electronic Products and the United States Chamber of Commerce.
“China has announced plans to build at least 30 new nuclear power plants by 2020. This cooperation agreement is a significant step toward expanding Shaw’s already strong relationship with SNPTC to facilitate the greater use of nuclear power throughout China,” said David Barry, president of Shaw’s Nuclear Division of the Power Group.
Shaw currently is under contract with SNPTC and other Chinese organizations to provide engineering, procurement, commissioning, information management and project management services for four AP1000™ nuclear plants being built at the Haiyang nuclear power plant project in China’s Shandong province and the Sanmen nuclear power plant project in Zhejiang province.
NYBob
17 years ago
Franklin Mining, Inc. and GDR Privée Schedule Site-Visits to
South American GTL Projects -
Oct 25, 2007
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) CEO, William A. Petty, and Gregoire de
Rothschild, principal, GDR Privée, are pleased to announce
that several lenders have requested permission to visit
planned construction sites for Franklin's first
two gas-to-liquid plants in South America.
Mr. Petty, Mr. Rothschild and representatives of several
lenders are scheduled to arrive in Santa Cruz, Bolivia
on November 9, 2007 and travel to Buenos Aries, Argentina
on November 13.
In each city, local project managers and engineers will
present multiple energy projects and tour sites selected
for constructing GTL plants.
Prospective lenders will also have an opportunity to meet
with local civil and political leaders.
GDR Privée, a New York investment bank specializing in debt
and asset based financing, has negotiated preliminary terms
and conditions for the provision of construction financing
to each of Franklin Mining's two oil and gas -
subsidiary companies.
In making today's announcement, Mr. Petty added,
"Franklin very much appreciates the support of
Mr. de Rothschild and his work on our behalf with
GDR Privée's domestic and international banking
relationships.
My goal is to identify the best possible solution to the
problem of financing our energy projects in South America.
Franklin's two oil and gas subsidiaries have done a great job
of securing the opportunities and Mr. de Rothschild and I
are exploring all options for bringing them to fruition."
About GDR Privée: In March 2007, Franklin Mining, Inc.
announced an agreement with GDR Privée to assist in
securing project financing for mining and energy agreements
in Bolivia and an energy contract in Argentina.
Additional company information is available by contacting
GDR Privée,
16 W. 45th Street, 2nd Floor,
New York, NY 10036,
(212) 382-3240.
About Franklin Mining, Inc:
Franklin Mining, Inc. has mining and energy interests in
the United States and Bolivia as well as energy interests
in Argentina.
Franklin Mining, Bolivia S.A. is a wholly owned subsidiary.
Franklin Mining, Inc. holds 51% ownership in both
Franklin Oil & Gas, Bolivia S.A.
and Franklin Oil & Gas, Argentina S.A.
Additional company information is available at
www.franklinmining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information,
please visit our website (www.franklinmining.com)
or contact our Investor Relations firm:
A. Austin & Company
1-702-386-5379
Source: Marketwire (October 25, 2007 - 8:40 AM EDT)
News by QuoteMedia
www.quotemedia.com
NYBob
18 years ago
Franklin Oil & Gas, a Division of Franklin Mining, Inc.,
Forms Association --
Repeat old N/R reflexion reminder -
With the Shaw Group
Wednesday October 5, 8:05 pm ET
LAS VEGAS, NV--(MARKET WIRE)--Oct 5, 2005 --
Franklin Mining, Inc. (Franklin Oil & Gas
(a division of Franklin Mining, Inc.) is proud
to announce that the Shaw Group
and Franklin Oil & Gas has teamed up.
The Shaw Group Inc.
(SGR) is a leading global provider of technology,
Crónica de una propuesta en Bolivia:
La asociación entre el Grupo Shaw y la Franklin Oil&Gas, ambas empresas de los Estados Unidos, ha dado como resultado un conglomerado de casi 20.000 personas empleadas y un ingreso anual estimado en 3 billones de dólares. Esta fusión vuelve a destacar una oferta de “joint venture” que hiciera este Grupo a la empresa YPFB para industrializar el gas natural de Bolivia en condiciones de gran expectativa, ahora que ese pais andino busca las maneras de evitar exportar el gas solo como materia prima sin valor agregado. El pasado mes de septiembre, la Franklin Mining por su cuenta había ofrecido a YPFB una propuesta de trabajo asociado (joint venture) para instalar plantas de gas con una capacidad total de 4 BCF con la esperanza que el mercadeo de esta producción lo realice YPFB para beneficio de ambas partes. Se estima que la inversión estaría en el orden de los 300 millones de dólares am.
Los documentos de factibilidad económica del proyecto fueron difundidos a varios grupos especializados en este tipo de operaciones hasta que finalmente el Grupo Shaw, aceptó aportar con su amplia experiencia para llevar adelante este plan.
Esta semana se espera la llegada de los principales de Franklin. En La Paz volverán a presentar la oferta y acudirán a los medios para explicar los detalles de este importante plan de industrialización, que es la plataforma eleccionaria de todos los actuales candidatos.
Es importante indicar que tanto la Franklin con el Grupo Shaw, son corporaciones registradas y avaladas por el Mercado de Valores de Nueva York (New York Stock Exchange) y que el Grupo Shaw ha sido nominada por la revista Fortune por segundo año consecutivo como “una de las empresas mas apreciadas del país”
Mas detalles de este importante anuncio los detallamos a continuación, en inglés. Para mayor información, solo personas del sector o interesados serios, enviar una solicitud a: execlub@ejecutivo.com
engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation,
and facilities management services for government
and private sector clients in the energy, chemical, environmental, infrastructure and
emergency response markets.
Headquartered in Baton Rouge, Louisiana, with
over $3 billion in annual revenues, Shaw employs
approximately 20,000 people at its offices and
operations in North America, South America, Europe,
the Middle East and the Asia-Pacific region.
This association gives Franklin Oil & Gas
the technical, operational and financial ability
to reconfirm the offer of the joint venture with
Y.P.F.B., the national oil company of Bolivia.
Franklin Mining, Inc. released and posted it's
unaudited financial statements for 2004 on our
website,
www.franklinmining.com
DISCLOSURES:
The Shaw Inc. Group.
(SGR) is to leading global provider of technology,
Chronicle of a proposal in Bolivia:
The association between the Shaw Group -
and the Franklin Oil&Gas, both companies of the United States, has given like result a conglomerate of
almost 20,000 used people and a considered
annual entrance in 3 trillions of dollars.
This fusion returns to emphasize a supply of
"joint now venture" that east Group to company YPFB
made to industrialize the natural gas of Bolivia
in conditions of great expectation, that
pais Andean looks for the ways to avoid to export
the single gas like raw material without added value.
The past month of September,
the Franklin Mining by its account had offered
to YPFB a work proposal associate (joint venture)
to install gas plants with a total capacity of 4 BCF
with the hope that the trade of this production
makes YPFB for benefit of both parts.
Esteem that the investment would be in the order
of the 300 million dollars a.m..
The documents of economic feasibility of the project
were spread to several groups specialized
in this type of operations until finally
the Shaw Group, accepted to contribute
with its ample experience to take ahead this plan.
This week the arrival of the main ones of
Franklin is expected.
In La Paz they will return to present/display
the supply and they will go to the average
ones to explain the details of this important
plan of industrialization, that it is
the election platform of all the present
candidates.
It is important to indicate that as much
Franklin with Group Shaw,
are corporations registered and guaranteed by
Market of Values of New York
(New York Stock Exchange)
and that the Shaw Group has been name by
the Fortune magazine by second consecutive year
as "one of the companies but appreciated
of the country"
But details of this important announcement
we detailed them next, in English.
For greater information, single people
of the sector or interested serious,
to send a request a:
execlub@ejecutivo.com
http://web.supernet.com.bo/execlub/newsletter/nov16.htm
http://www.investorshub.com/boards/board.asp?board_id=5925
NYBob
18 years ago
Repeat: Franklin Oil & Gas, a Division of -
Franklin Mining, Inc., -
Forms Association With - The Shaw Group -
Repeat: Franklin Oil & Gas,
a Division of Franklin Mining, Inc.,
Forms Association With -
The Shaw Group -
Thursday October 6, 2005 9:30 am ET
LAS VEGAS, NV--(MARKET WIRE)--Oct 6, 2005 --
Franklin Mining Inc. -
(Other OTC:FMNJ.PK - News), Franklin Oil & Gas -
(a division of Franklin Mining, Inc.)
is proud to announce that -
The Shaw Group and Franklin Oil & Gas has teamed up.
The Shaw Group Inc. (SGR) -
SGR is a leading global provider of technology, engineering,
procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation, and facilities
management services for government and private sector clients
in the energy, chemical, environmental, infrastructure and
emergency response markets.
Headquartered in Baton Rouge, Louisiana, with over $3 billion
in annual revenues, Shaw employs approximately 20,000 people
at its offices and operations in North America, South America,
Europe, the Middle East and the Asia-Pacific region.
For further information, please visit Shaw's website at -
http://www.shawgrp.com.
This association gives Franklin Oil & Gas the technical,
operational and financial ability to reconfirm the offer of
the joint venture with Y.P.F.B., the national oil company of
Bolivia.
Franklin Mining, Inc. -
released and posted it's unaudited financial statements
for 2004 on our website -
http://www.franklinmining.com.
DISCLOSURES:
About Bolivia:
Bolivia is a land locked country in South America and is
believed to have 2nd largest gas reserves in South America.
Bolivia is about to go into elections in December and has
suffered from Political unrest and nationwide diesel shortages
in 2005.
Mexico is currently trying to sign gas contracts with Bolivia.
About Franklin Mining, Inc.:
Franklin Mining, Inc. had a complete change of Management and
Board of Directors in 2003. Since then Franklin Mining has
expanded to Colombia and Bolivia as well as to start
operations for Gold mining in Bolivia in 2004. Franklin Oil &
Gas was formed in 2004 as a division of Franklin Mining, Inc.
Our website is www.franklinmining.com
About the Shaw Group
The Shaw Group Inc. -
is a leading global provider of technology, engineering,
procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation, and facilities
management services for government and private sector clients
in the energy, chemical, environmental, infrastructure and
emergency response markets.
Headquartered in Baton Rouge, Louisiana, with over $3 billion
in annual revenues, Shaw employs approximately 20,000 people
at its offices and operations in North America, South America,
Europe, the Middle East and the Asia-Pacific region.
The Company was recently named to Fortune magazine's annual
list of "America's Most Admired Companies" for the second
consecutive year.
For further information, please visit Shaw's website at
http://www.shawgrp.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of,
Franklin Mining, Inc.
Contact:
Contact:
Steve Starvie
Franklin Mining, Inc.
813-817-2323
Source: Franklin Mining, Inc.
http://biz.yahoo.com/iw/051006/097219.html
http://tinyurl.com/qtwnw
http://tinyurl.com/zdggd
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Penny Roger$
12 years ago
kmx_swing
15 years ago
frenchee
17 years ago
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