(BARBERTON, Ohio – June 17, 2019) – Babcock & Wilcox Enterprises, Inc. ("B&W" or the “Company”) (NYSE: BW) announced today that its Board of Directors has approved a record date and subscription period for the rights offering originally announced on April 5, 2019. Assuming B&W’s registration statement relating to the rights offering is declared effective, the Company will distribute to each holder of the Company’s common stock one non-transferable subscription right to purchase 0.986896 shares of the Company’s common stock at a price of $0.30 per whole share for each share of the Company’s common stock held as of 5:00 p.m., New York City time, on June 27, 2019 (the “rights offering record date”). The Company will not issue any fractional shares of the Company’s common stock in the rights offering, and all exercises of subscription rights will be rounded to the nearest whole share. In addition, the Company will not issue fractional subscription rights or pay cash in lieu of fractional subscription rights.
B&W’s Lancaster, Ohio, facility recently received its ISO 9001:2015 certificate. This certificate is an internationally recognized quality management system (QMS) standard for organizations that consistently provide products and services that meet the needs of their customers and regulatory requirements.
Chad joins us to discuss how construction technology plays a pivotal role in the Babcock & Wilcox Construction Company, LLC in this installment of B&W's Ask the Expert.
We traveled to our facility in Lancaster, Ohio where Tim provided an overview of some Diamond Power® sootblower lance tubes that were ready for their final inspection.
تقدم شركة Babcock & Wilcox (B&W) حلولاً وخدمات حساسة بيئيًا وتستند إلى التقنية للعملاء في مجال الطاقة والصناعة في أنحاء العالم - بشكل آمن وأخلاقي وحسب الوعد المقدم من الشركة.
