Shaw Group (SHAW) says one of its subsidiaries will exercise put options to sell a 20% stake in...

|About: Shaw Group Inc. (SHAW)|By:, SA News Editor

Shaw Group (SHAW) says one of its subsidiaries will exercise put options to sell a 20% stake in Westinghouse back to Toshiba (TOSBF.PK). The firm's CEO says the move will help eliminate $1.7B of debt. Shares moved 6.9% higher following the announcement.