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

5/24/2018

(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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B&W Announces Completion of Rights Offering

5/1/2018

(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

4/26/2018

(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 Amends Rights Offering

4/10/2018

(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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Ronald C. Lenzer Honored as 39th Recipient of B&W’s Engineering Honors Award

3/28/2018

(BARBERTON, Ohio – March 28, 2018) – Ronald C. Lenzer, an engineer with more than 40 years of service at Babcock & Wilcox (B&W), has been named the 39th recipient of the company’s Engineering Honors Award in recognition of his professional achievements, dedication and mentorship.
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