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Babcock & Wilcox News
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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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B&W Provides Update and Amends Rights Offering
April 10, 2018
(CHARLOTTE, N.C. — April 10, 2018) — Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW) today provided an investor update, and announced that it amended the terms of and extended the expiration date for its pending common stock rights offering.
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Ronald C. Lenzer Honored as 39th Recipient of B&W’s Engineering Honors Award
March 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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B&W Awarded Boiler Equipment Replacement Contract
March 20, 2018
(CHARLOTTE, N.C. – March 20, 2018) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today that its subsidiary, The Babcock & Wilcox Company (B&W), has been awarded a contract for more than $50 million to design and supply boiler equipment for an existing North American power plant. The majority of the value of this contract will be booked in first quarter 2018.
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B&W Commences Rights Offering
March 19, 2018
(CHARLOTTE, N.C. – March 19, 2018) – Babcock & Wilcox Enterprises, Inc. (the “Company”) (NYSE: BW) announced today that it commenced a rights offering (“Rights Offering”) originally announced on March 1, 2018. Pursuant to the Rights Offering, the Company is distributing to holders of the Company’s common shares one nontransferable subscription right (a “Right”) to purchase 1.4 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”) at a price of $3.00 per common share (the “Subscription Pric...
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