B&W Evaluating a Separation of its Businesses

October 01, 2014


(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.

B&W noted that there can be no assurance that a separation will occur or, if a separation is approved, its terms or timing. Additional detail will be provided on the Company’s third quarter 2014 earnings call in early November.

About B&W
Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in clean energy technology and services, primarily for the nuclear, fossil and renewable power markets, as well as a premier advanced technology and mission critical defense contractor. B&W has locations worldwide and employs approximately 11,600 people, in addition to joint venture employees throughout the world. Learn more at www.babcock.com.

Media Inquiries

Ryan Cornell

Public Relations



Investor Inquiries

Megan Wilson

Vice President, Corporate Development and Investor Relations