Babcock & Wilcox (BW) approached by Steel Partners Holdings (SPLP)

  • May 24, 2018


StockBabcock & Wilcox Enterprises, Inc.SymbolBW
Date Announced05/23/2018Source Press release
TypeUnsolicited BidAcquiring Company/Person Steel Partners Holdings L.P.

Steel Partners Holdings (SPLP) discloses it is prepared to acquire all shares of  Babcock & Wilcox (BW) it does not currently own for a price in the range of $3.00-3.50 in cash


May 24, 2018: Babcock & Wilcox Enterprises, Inc. (BW) confirmed that it had received a non-binding indication of interest from Steel Partners  (SPLP), which beneficially owns 17.8% of B&W’s outstanding common stock, to acquire B&W (BW) in a transaction in which B&W shareholders would receive between $3.00 and $3.50 per share in cash.

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