Fidelity Accumulates 11.6% Stake In Shaw Group (SHAW)

May 10, 2011 3:54 PM EDT
In a 13G filing on Shaw Group (NYSE: SHAW), FMR LLC, the parent of mutual fund giant Fidelity, disclosed an 11.635%, or 9,462,127 share stake in the company.

The firm held just 638,350 shares at the end of Q4.

The Shaw Group Inc. provides technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services to multinational and national oil companies, industrial corporations, regulated utilities, independent and merchant power producers, and government agencies worldwide.


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