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Babcock & Wilcox Announces Completion of CFIUS Review

October 2, 2018

(BARBERTON, Ohio – October 2, 2018) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (“B&W”) announced that the Committee on Foreign Investment in the United States (CFIUS) has completed its review of the company’s previously announced sale of its MEGTEC and Universal businesses to Dürr AG (“Dürr”) and determined that there are no unresolved national security concerns with respect to the sale. All required regulatory reviews for the transaction are now complete, and B&W and Dürr are making final closing preparations. The parties expect to close promptly.
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Babcock & Wilcox to Relocate Headquarters to Ohio, Move to New Offices in Akron

September 24, 2018

(BARBERTON, Ohio – September 24, 2018) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W) announced today it has reached an agreement with joint venture developers Industrial Commercial Properties LLC (ICP) and Industrial Realty Group, LLC (IRG) to lease new office space in the renovated East End development in Akron, Ohio, and that its Barberton and Copley operations will relocate to this new space in 2019. The lease agreement is for an initial term of 15 years. Additionally, B&W announced it is relocating its corporate headquarters to Ohio from Charlotte, N.C.
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B&W Closes Sale of Palm Beach Resource Recovery Corporation

September 18, 2018

(CHARLOTTE, N.C. – Sept. 18, 2018) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) announced today that it has closed its previously announced sale of Palm Beach Resource Recovery Corporation (PBRRC) to a subsidiary of Covanta Holding Corporation for $45 million, subject to adjustment.
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Season is always "Spring" at B&W

September 12, 2018

September 12, 2018Sometimes outages are planned. Options can be evaluated, suppliers can be ranked. Schedules can be flexible.Sometimes they're not, and time and trust are the only things that matter.Last weekend, one of our customers found boiler tube leaks at its coal-fired power plant and took the unit offline. We were called Saturday morning to help restore the unit to full and safe operation.Our engineers and shop teams went to work to identify what was needed, bend the required replacement tubes to spec and ship them out to the site.The shipment was delivered and the tubes installed on S...
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B&W Announces Appointment to its Board of Directors

September 6, 2018

(CHARLOTTE, N.C. – September 6, 2018) – Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) announced today that Kenneth Siegel has been appointed to its Board of Directors. Mr. Siegel is an accomplished business executive with more than 20 years of experience as a senior leader of major corporations.
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Babcock & Wilcox Announces Second Quarter 2018 Results

August 9, 2018

- Implementing actions targeting $54 million in total savings - Strategic divestitures anticipated to raise $190 million in combined gross proceeds - Renewable projects progressing toward completion, despite increased estimated costs
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Babcock & Wilcox to Webcast Discussion of Its Second Quarter 2018 Results

August 6, 2018

(CHARLOTTE, N.C. – August 6, 2018) – Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (the “Company”) expects to host a conference call and webcast on Thursday, August 9, 2018 at 5:00 p.m. ET.
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B&W Partners with Power Africa

July 17, 2018

July 17, 2018
Babcock & Wilcox (B&W) is the latest company to join a partnership that connects U.S.-based energy sector businesses with projects in electricity-scarce regions of sub-Saharan Africa.
[image src="/assets/News/Power-Africa-Babcock-Wilcox.jpeg" id="732" width="389" height="259" class="center ss-htmleditorfield-file image" alt="Power Africa Babcock Wilcox"]
B&W leaders recently met with members of Power Africa, a U.S. federal government program created in 2013 to facilitate electricity projects in Africa while supporting U.S. companies involved in these projects. The visit included ...
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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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