Chicago Bridge & Iron to Acquire Howe-Baker InternationalAcquisition Agreement • October 5th, 2021
Contract Type FiledOctober 5th, 2021PLAINFIELD, Ill.--July 31, 2000--Chicago Bridge & Iron Company N.V. (NYSE & ASE: CBI) has signed a definitive agreement to acquire Howe-Baker International, Inc. in a transaction valued at approximately $145 million, including $28 million in cash, 8.1 million shares of CB&I common stock and $5.7 million in assumed debt. In a simultaneous transaction, Howe- Baker's owner has agreed to sell 4.3 million shares of CB&I common stock for $16.25 per share to an additional investor.