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

Sep. 06, 2011 10:26 AM ETShaw Group Inc. (SHAW) StockTOSBF, SHAWBy: Clark Schultz, SA News Editor

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

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