WASHINGTON (dpa-AFX) - The Shaw Group Inc (SHAW) Wednesday announced the final results of its modified 'Dutch Auction' tender offer for the purchase of up to $150 million in value of its common stock, which expired at 5 p.m., New York City time, on Thursday, Dec. 8, 2011.
The company stated that it has accepted for purchase 6,185,567 shares of its common stock at a purchase price of $24.25 per share, for an aggregate cost of approximately $150 million, excluding fees and expenses relating to the tender offer.
The company further stated that the shares accepted for purchased in the tender offer represent approximately 8.7 percent of currently issued and outstanding shares of common stock.
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