APR: your source for nuclear news and analysis since April 16, 2010

Wednesday, July 7, 2010

Babcock & Wilcox to be independent

Today it was announced that McDermott Industries will indeed spin off B&W by issuance of new shares of B&W stock, one for each two shares of McDermott held. This action is expected to occur before the end of July. Here is McDermott's official release on the matter.

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