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-0.00925925925925927 -0.00925925925925927 9.25925925925824E-05 0.00888888888888894 9.25925925925824E-05 0.0185185185185185 -0.0185185185185185 0.00462962962962953
Stock impact report

B&W Closes Sale of MEGTEC and Universal Businesses

Babcock & Wilcox Enterprises, Inc. (BW) 
Last babcock & wilcox enterprises, inc. earnings: 3/1 04:42 pm Check Earnings Report
US:NYSE Investor Relations: babcockwinery.com
Company Research Source: Business Wire
BARBERTON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today that it has closed the sale of its MEGTEC and Universal industrial services business to Dürr AG for $130 million, subject to adjustment. Net proceeds from the sale will largely be used to reduce outstanding balances under the Company’s bank credit facilities, and to improve its balance sheet and financial flexibility. B&W’s strategic focus will continue to be on optimizing its market-leading portfolio of equipment, technology and services for power generation and industrial applications, and implementing efficiencies and cost reductions throughout the organization. About B&W Headquartered in Barberton, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets, and has been transforming our world for 151 years. Show less Read more
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