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B&W Announces Appointment to its Board of Directors
September 6, 2018
(CHARLOTTE, N.C. – September 6, 2018) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that Kenneth Siegel has been appointed to its Board of Directors. Mr. Siegel is an accomplished business executive with more than 20 years of experience as a senior leader of major corporations.
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Babcock & Wilcox Announces Second Quarter 2018 Results
August 9, 2018
- Implementing actions targeting $54 million in total savings - Strategic divestitures anticipated to raise $190 million in combined gross proceeds - Renewable projects progressing toward completion, despite increased estimated costs
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Babcock & Wilcox to Webcast Discussion of Its Second Quarter 2018 Results
August 6, 2018
(CHARLOTTE, N.C. – August 6, 2018) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to host a conference call and webcast on Thursday, August 9, 2018 at 5:00 p.m. ET.
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B&W Partners with Power Africa
July 17, 2018
July 17, 2018
Babcock & Wilcox (B&W) is the latest company to join a partnership that connects U.S.-based energy sector businesses with projects in electricity-scarce regions of sub-Saharan Africa.
[image src="/assets/News/Power-Africa-Babcock-Wilcox.jpeg" id="732" width="389" height="259" class="center ss-htmleditorfield-file image" alt="Power Africa Babcock Wilcox"]
B&W leaders recently met with members of Power Africa, a U.S. federal government program created in 2013 to facilitate electricity projects in Africa while supporting U.S. companies involved in these projects. The visit included ...
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Babcock & Wilcox (B&W) is the latest company to join a partnership that connects U.S.-based energy sector businesses with projects in electricity-scarce regions of sub-Saharan Africa.
[image src="/assets/News/Power-Africa-Babcock-Wilcox.jpeg" id="732" width="389" height="259" class="center ss-htmleditorfield-file image" alt="Power Africa Babcock Wilcox"]
B&W leaders recently met with members of Power Africa, a U.S. federal government program created in 2013 to facilitate electricity projects in Africa while supporting U.S. companies involved in these projects. The visit included ...
B&W Announces Agreement to Sell MEGTEC and Universal
June 6, 2018
(CHARLOTTE, N.C. – June 6, 2018) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced that it had signed a definitive agreement to sell its MEGTEC and Universal businesses to Dürr AG (“Dürr”) for $130 million, subject to adjustment.
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Waste Management Solutions Discussed During Nordic Clean Energy Week
May 30, 2018
May 30, 2018As a global player in the renewable business, B&W Vølund played an active role during the Nordic Clean Energy Week and saw an enormous interest for our solutions at the WtE facility Amager Bakke.This year Denmark, Sweden, Norway, Finland, the European Commission, and the Nordic Council of Ministers hosted the Ninth Clean Energy Ministerial and Third Mission Innovation Ministerial (CEM9/MI-3).Several delegations from Indonesia, China, India, and the United States were in attendance to discuss how to deal with the increasing amount of waste worldwide. They also discussed how our was...
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B&W Confirms Receipt of Steel Partners Non-Binding Indication of Interest
May 24, 2018
(CHARLOTTE, N.C. – May 24, 2018) – 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.
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Babcock & Wilcox Announces First Quarter 2018 Results
May 8, 2018
- Reaffirming 2018 guidance
- U.K. Renewable projects progressing towards completion
- MEGTEC and Universal strategic processes ongoing
- Raised $248.5 million through rights offering; repaid second-lien term loan
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- U.K. Renewable projects progressing towards completion
- MEGTEC and Universal strategic processes ongoing
- Raised $248.5 million through rights offering; repaid second-lien term loan
B&W Announces Completion of Rights Offering
May 1, 2018
(CHARLOTTE, N.C. – May 1, 2018) – Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE: BW) announced today the completion of its previously announced rights offering, which expired in accordance with its terms at 5:00 p.m., New York City time, on April 30, 2018. Pursuant to the rights offering, B&W distributed one nontransferable subscription right to purchase 2.8 common shares at a subscription price of $2.00 per share for each common share held as of 5:00 p.m., New York City time, on March 15, 2018.
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Babcock & Wilcox to Webcast Discussion of Its First Quarter 2018 Results
April 26, 2018
(CHARLOTTE, N.C. – April 26, 2018) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to host a conference call and webcast on Tuesday, May 8, 2018 at 5:00 p.m. ET, during which management will discuss the Company’s first quarter 2018 results. A news release detailing the results is expected to be issued after the market close that day.
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B&W MEGTEC Awarded Contract to Supply Coating Equipment to Maker of Lithium-Ion Batteries
April 24, 2018
(CHARLOTTE, N.C. – April 24, 2018) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that its subsidiary, Babcock & Wilcox MEGTEC (B&W MEGTEC), has been awarded a contract for more than $15 million to design and supply battery coating equipment to K.R. ENERGY Group subsidiary FIB S.r.l. for a lithium-ion battery manufacturing facility currently under construction in Teverola, Italy.
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B&W Amends Rights Offering
April 10, 2018
(CHARLOTTE, N.C. – April 10, 2018) – Babcock & Wilcox Enterprises, Inc. (“B&W”) (NYSE: BW) announced today that it is extending the expiration date and amending other terms of its previously announced rights offering, which commenced on March 19, 2018. Pursuant to the rights offering, B&W distributed one nontransferable subscription right to purchase additional common shares for each common share held as of 5:00 p.m., New York City time, on March 15, 2018 (the “Rights Distribution Record Date”). The Rights Distribution Record Date is not being amended.
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