Shaw Group Inc forecast 2013 results far below market estimates due to a fall in orders, even as the U.S. engineering company faces growing push-back from investors over a contentious takeover by Chicago Bridge & Iron Co.After Shaw's results and outlook were released on Friday morning, CB&I's shares dropped 2.9 percent to $38.29, while Shaw fell 1.5 percent to close at $43.69 - more than $2 shy of the takeover price that the two companies agreed to in late July.Doubts about the $3 billion deal have been voiced since it was announced, with some investors concerned about its provisions and the motivation of Shaw founder, chairman and chief executive James Bernhard.One fund, Denali Investors, accuses Bernhard of conflicts of interest.
Shares of SHAW fell by 1.51% or $-0.67/share to $43.69. In the past year, the shares have traded as low as $19.57 and as high as $44.41. On average, 2035320 shares of SHAW exchange hands on a given day and today's volume is recorded at 5578328.
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