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B&W Confirms Receipt of Steel Partners Non-Binding Indication of Interest

BABCOCK & WILCOX ENTERPRISES INC (BW)  More Company Research Source: Business Wire
Last babcock & wilcox enterprises inc earnings: 3/1 04:42 pm Check Earnings Report
US:NYSE Investor Relations: babcockwinery.com
PDF CHARLOTTE, N.C.--(BUSINESS WIRE)-- Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE: BW) confirmed that it had received a non-binding indication of interest from Steel Partners, which beneficially owns 17.8% of B&W’s outstanding common stock, to acquire B&W in a transaction in which B&W shareholders would receive between $3.00 and $3.50 per share in cash. The non-binding indication of interest assumes the acquisition of all of B&W’s businesses, including its MEGTEC and Universal businesses. B&W announced last year that it was exploring strategic options for those businesses. B&W said that its Board of Directors will review the Steel Partners non-binding indication of interest to determine the course of action it believes to be in the best interests of B&W and its stockholders. There can be no assurance that the non-binding indication of interest will result in a transaction or on what basis or terms a [Read more]

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