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Babcock & Wilcox Enterprises Inc Files Initial Form 10 Registration Statement
CHARLOTTE, NC
(CHARLOTTE, N.C.-- March 16, 2015) -- The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Enterprises, Inc., its newly formed subsidiary that will hold the company's power generation business, has filed an initial Form 10 Registration Statement with the U. S. Securities and Exchange Commission (SEC). The filing relates to the previously announced plan to pursue a spinoff of The Babcock & Wilcox Company's power generation business to create an independent publicly traded company.
The filing may be accessed at this web page.
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 located at projects around the world. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements relating to the planned spin-off B&W’s power generation business. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties, including, among other things, the proposed separation may not be completed as anticipated or at all, and delays or other difficulties in completing the separation, including the inability to satisfy the conditions for completing the spin-off. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. For a more complete discussion of these and other risk factors, see B&W’s filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2014. B&W cautions not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and undertakes no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.