Shaw tender runs through Nov. 17

New York, Oct. 20 - The Shaw Group Inc.'s tender offer for all its outstanding zero-coupon Liquid Yield Option Notes due 2021 will run until 5.00 p.m. ET on Nov. 17.

As previously announced the Baton Rouge, La. provider of engineering and management services is offering to pay $675 per $1,000 principal amount at maturity of the LYONs.

Currently there are $373 million principal amount of the LYONs outstanding with an accreted value of $253 million.

Shaw said it will fund the offer with proceeds from a planned sale of $200 million of common stock and $53 million of cash on hand.

Credit Suisse First Boston LLC is dealer manager for the offer (800 646-4543), D.F. King & Co., Inc. is the information agent (800 848-3416, banks and brokers call collect at 212 269-5550) and The Bank of New York is the depositary.

Full details at:

http://www.sec.gov/Archives/edgar/data/914024/000119312503064173/dex99a1a.htm

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