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The Babcock Wilcox Company Announces the Form 10 Registration Statement Relating to the Spin Off of its Subsidiary
June 16, 2015
CHARLOTTE, NC (CHARLOTTE, N.C. – June 16, 2015) – The Babcock & Wilcox Company (the "Company") (NYSE:BWC) announced today that the Securities and Exchange Commission (the "SEC") has declared effective the Form 10 registration statement filed by Babcock & Wilcox Enterprises, Inc. ("New B&W"). The Form 10 contains an information statement that prior to the distribution date will be sent to all stockholders of the Company entitled to receive shares of common stock of New B&W in the spin-off. The information statement provides additional details about New B&W and the spin-off. A copy of the pr...
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The Babcock Wilcox Company Board of Directors Approves Spin Off of Power Generation Business
June 8, 2015
CHARLOTTE, NC (CHARLOTTE, N.C. – June 8, 2015) – The Babcock & Wilcox Company (or the “Company”) (NYSE:BWC) announced today that its Board of Directors has formally approved the spin-off of the Power Generation business creating a new public company. The Power Generation business will be named Babcock & Wilcox Enterprises, Inc. (“New B&W”), and operate as Babcock & Wilcox. It will be headquartered in Charlotte, N.C.
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B&W Announces First Quarter 2015 Results
May 7, 2015
CHARLOTTE, NC Today B&W announced first quarter 2015 results.
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B&W, Magotteaux Form Strategic Alliance
April 13, 2015
CHARLOTTE, NC (CHARLOTTE, N.C. – April 13, 2015) – The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), and international wear solutions supplier Magotteaux have formed a strategic alliance to enable B&W PGG to market Magotteaux’s advanced coal pulverizer grinding media and Metal Matrix Composites Vertical Roller Mills (VRM) parts to its U.S. and international customers and to investigate other strategic growth projects.
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David Kraft Named 36th Recipient of BW PGG Engineering Honors Award
April 9, 2015
BARBERTON, OH (BARBERTON, Ohio – April 9, 2014) – Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), a subsidiary of The Babcock & Wilcox Company (B&W), has chosen David L. Kraft as the 36th recipient of its annual Engineering Honors Award.
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B&W Awarded 40.3 Million Emission Control Contract by Colorado Springs Utilities
March 25, 2015
CHARLOTTE, NC CHARLOTTE, N.C.--(BUSINESS WIRE)-- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that a consortium that includes its Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) subsidiary has been awarded a contract by Colorado Springs Utilities to engineer, procure, construct and commission an emissions control project for the Ray D. Nixon Power Plant, located south of Colorado Springs, Colo.
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Babcock & Wilcox Enterprises Inc Files Initial Form 10 Registration Statement
March 17, 2015
CHARLOTTE, NC
(CHARLOTTE, N.C.-- March 16, 2015) -- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Enterprises, Inc., its newly formed subsidiary that will hold the company's power generation business, has filed an initial Form 10 Registration Statement with the U. S. Securities and Exchange Commission (SEC). The filing relates to the previously announced plan to pursue a spinoff of The Babcock & Wilcox Company's power generation business to create an independent publicly traded company.
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(CHARLOTTE, N.C.-- March 16, 2015) -- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Enterprises, Inc., its newly formed subsidiary that will hold the company's power generation business, has filed an initial Form 10 Registration Statement with the U. S. Securities and Exchange Commission (SEC). The filing relates to the previously announced plan to pursue a spinoff of The Babcock & Wilcox Company's power generation business to create an independent publicly traded company.
B&W Volund awarded contracts for more than $220 million
March 11, 2015
CHARLOTTE, NC (CHARLOTTE, N.C. – March 11, 2015) – The Babcock & Wilcox Company (B&W) NYSE :BWC) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S, has been awarded contracts totaling more than $220 million to design, manufacture and operate a biomass power plant in Rotherham, South Yorkshire, England.
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B&W Volund Consortium Awarded Contract To Build Waste To Energy Power Plant in Scotland
December 22, 2014
CHARLOTTE, NC (CHARLOTTE, N.C. – December 22, 2014) – The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that a consortium that includes its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), has been awarded a $230 million contract to engineer, procure and construct a waste-to-energy (WTE) power plant near Dunbar, Scotland.
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B&W Awarded $35 Million Contract by the University of Alaska Fairbanks
October 27, 2014
CHARLOTTE, NC (CHARLOTTE, N.C. – October 27, 2014) – The Babcock & Wilcox Company (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been awarded a contract for more than $35 million to design and manufacture two boilers and air quality control equipment for a power plant owned by the University of Alaska Fairbanks.
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B&W Evaluating a Separation of its Businesses
October 1, 2014
CHARLOTTE, NC (CHARLOTTE, N.C. – October 1, 2014) – The Babcock & Wilcox Company (B&W) (NYSE:BWC) today announced that its Board of Directors is evaluating the separation of the Company’s Power Generation Business and Government & Nuclear Operations Business into two publicly traded companies. The Board’s goal is to determine whether a separation creates the opportunity for enhanced shareholder value and business focus. B&W has retained JPMorgan as its financial advisor and Wachtell, Lipton, Rosen & Katz and Jones Day as legal advisors to assist in this process.
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