Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 2.54 0.14%
NASDAQ 4,095.52 9.29 0.23%
Ticker Volume Price Price Delta
STOXX 50 3,155.81 16.55 0.53%
FTSE 100 6,625.25 41.08 0.62%
DAX 9,409.71 91.89 0.99%
Ticker Volume Price Price Delta
NIKKEI 14,516.27 98.74 0.68%
TOPIX 1,173.37 6.78 0.58%
HANG SENG 22,760.24 64.23 0.28%

CB&I Provides Initial 2013 Guidance



  CB&I Provides Initial 2013 Guidance

Business Wire

THE WOODLANDS, Texas -- December 19, 2012

CB&I (NYSE: CBI) today announced that the Company is issuing stand-alone
guidance (excluding Shaw results and transaction related costs) for 2013 as
follows:

                              
      New Awards               $7.0 - $10.0 billion
      Revenue                  $6.3 - $6.7 billion
      Earnings per share       $3.35 - $3.65
                                

Conference Call

CB&I will host a webcast on December 19 at 1:00 p.m. Central time (2:00 p.m.
Eastern time) to discuss the guidance. The webcast is available at www.CBI.com
Investor Relations.

About CB&I

CB&I (NYSE: CBI) engineers and constructs some of the world’s largest energy
infrastructure projects. With premier process technology, proven EPC
expertise, and unrivaled storage tank experience, CB&I executes projects from
concept to completion. Safely. Reliably. Globally. For more information, visit
www.CBI.com.

Additional Information and Where to Find It

This communication does not constitute an offer to sell or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval. In
connection with the proposed transaction, Chicago Bridge & Iron Company  N.V.
(“CB&I”) has filed with the Securities and Exchange Commission (“SEC”) a
prospectus on Form 424B3 that includes a joint proxy statement of The Shaw
Group Inc. (“Shaw”) and CB&I that also constitutes a prospectus of CB&I. CB&I
and Shaw also plan to file other documents with the SEC regarding the proposed
transaction. The definitive joint proxy statement/prospectus will be mailed to
shareholders of Shaw and CB&I. INVESTORS AND SECURITY HOLDERS OF SHAW  AND
CB&I ARE URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS
(INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER DOCUMENTS THAT
WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
TRANSACTION. Investors and shareholders will be able to obtain free copies of
the definitive joint proxy statement/prospectus and other relevant documents
filed by CB&I and Shaw, once such documents are filed with the SEC, through
the website maintained by the SEC at http://www.sec.gov. Copies of the
documents filed with the SEC by CB&I will be available free of charge on
CB&I’s internet website at www.cbi.com under the tab “Investor Relations” and
then under the tab “SEC Documents” or by contacting CB&I’s Investor Relations
Department at 832-513-1200. Copies of the documents filed with the SEC by Shaw
will be available free of charge on Shaw’s internet website at www.Shawgrp.com
under the tab “Investor Relations” and then under the tab “SEC Filings” or by
contacting Shaw’s Investor Relations Department at 225-987-7372.

Participants in the Solicitation

CB&I, Shaw, and their respective directors and executive officers may be
deemed to be participants in the solicitation of proxies from the shareholders
of Shaw and CB&I in connection with the proposed transaction. Information
about the directors and executive officers of Shaw is set forth in Shaw’s
proxy statement for its 2011 annual meeting of shareholders, which was filed
with the SEC on December 15, 2011. Information about the directors and
executive officers of CB&I is set forth in CB&I’s proxy statement for its 2012
annual meeting of shareholders, which was filed with the SEC on March 22,
2012. Other information regarding the participants in the proxy solicitation
and a description of their direct and indirect interests, by security holdings
or otherwise, is set forth in the definitive joint proxy statement/prospectus
filed with the SEC on November 20, 2012 and will be contained in other
relevant materials to be filed with the SEC in connection with the proposed
transaction.

Forward-Looking Statements

This press release contains forward-looking statements and information about
our current and future prospects and our operations and financial results,
which are based on currently available information. Actual future results and
financial performance could vary significantly from those anticipated in such
statements. The forward looking statements include assumptions about our
operations, such as cost controls and market conditions, and the proposed
transaction (including its benefits, results, effects and timing) that may not
be realized. Risks and uncertainties related to the transaction include, but
are not limited to: the failure of the shareholders of CB&I or the
shareholders of Shaw to approve the transaction; the risk that the conditions
to the closing of the transaction are not satisfied; the risk that regulatory
approvals required for the transaction are not obtained or are obtained
subject to conditions that are not anticipated; potential adverse reactions or
changes to business relationships resulting from the announcement or
completion of the transaction; uncertainties as to the timing of the
transaction; competitive responses to the proposed transaction; costs and
difficulties related to the integration of Shaw’s businesses and operations
with CB&I’s business and operations; the inability to obtain, or delays in
obtaining, cost savings and synergies from the transaction; unexpected costs,
charges or expenses resulting from the transaction; litigation relating to the
transaction; the inability to retain key personnel; and any changes in general
economic and/or industry specific conditions. Additional factors that could
cause future results or events to differ from those we expect are those risks
discussed under Item 1A “Risk Factors” in CB&I’s Annual Report on Form 10-K
for the fiscal year ended December 31, 2011, CB&I’s Quarterly Reports on Form
10-Q for the quarters ended March 31, 2012, June 30, 2012, and September 30,
2012, and in the definitive joint proxy statement/prospectus filed with the
SEC on November 20, 2012 and other reports filed with the SEC. Please read
CB&I’s “Risk Factors” and other cautionary statements contained in these
filings.

We undertake no obligation to update or revise any forward-looking statements,
whether as a result of new information, the occurrence of certain events or
otherwise. As a result of these risks and others, actual results could vary
significantly from those anticipated in this press release, and our financial
condition and results of operations could be materially adversely affected.

Contact:

CB&I
Investors: Christi Thoms, +1 832 513 1200
Media: www.CBI.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement