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News Breaks
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November 5, 2009
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| 22:32 EDT |  | SHAW |
| theflyonthewall.com: | Shaw Group CEO bought $6.4M in stock this week, Barron's reports | | James Bernhard Jr., the founder and CEO of engineering and construction firm Shaw Group (SHAW), bought 250,000 shares for $6.4M, or about $25.70 per share. The buys were the first for any executive at the company in at least six years, according to InsiderScore.com, and it came after the company has struggled in recent weeks. Shaw shares lost 20% of their value in October alone. Bernhard owns about 2% of the company's shares. Shaw Group announced on Thursday morning that it had been awarded a contract to do engineering and procurement work on an ethylene plant in Turkey. Shares were up 8.5% on the day. Bernhard's buy represents a major change in sentiment at the company. Insiders at Shaw were aggressive sellers from 2005 through the middle of the summer of 2008, after which the stock collapsed and insiders moved to the sidelines. Reference Link :theflyonthewall.com |
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February 7, 2012
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| 09:02 EDT |  | SHAW |
| theflyonthewall.com: | Shaw Group awarded rapid response contract from U.S. Army | | The Shaw Group announced it has been awarded an indefinite delivery/indefinite quantity contract to provide worldwide rapid response services for the U.S. Army Corps of Engineers' Omaha District. This is the fifth consecutive award to Shaw and its legacy company dating back to 1989. Under the terms of the rapid response contract, Shaw will investigate and remediate sites confirmed or suspected to be contaminated with hazardous, toxic and radioactive waste, ordnance and explosives. The five-year single award task order contract, which includes a three-year base period and one two-year option, has a maximum value of $80M. Approximately $60M will be included in Shaw's Environmental & Infrastructure segment's backlog of unfilled orders in 2Q12. :theflyonthewall.com |
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January 30, 2012
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| 16:35 EDT | | SHAW |
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