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Published on 5/3/2004 in the Prospect News Convertibles Daily.

Shaw says nearly all LYONs put back

New York, May 3 - The Shaw Group Inc. said $84 million principal amount at maturity or $57 million accreted value of its Liquid Yield Option Notes due 2021 were put back to the company out of the $84 million principal amount at maturity or $58 million accreted amount outstanding.

The convertibles were putable up to 5 p.m. ET on April 30 at a price of $683.61 per $1,000 principal amount at maturity.

Shaw is a Baton Rouge, La. provider of engineering, consulting and construction services.


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