BWXT Completes Spin-Off of Power Generation Business
30 June 2015
(LYNCHBURG, VA – July 1, 2015) – BWX Technologies, Inc. (BWXT) (NYSE:BWXT) has completed the spin-off of its Power Generation business and will begin trading today on the New York Stock Exchange under the new ticker symbol “BWXT.”
The Babcock & Wilcox Company Board of Directors Approves Spin-Off of Power Generation Business
09 June 2015
(CHARLOTTE, N.C. – June 8, 2015) – The Babcock & Wilcox Company (or the “Company”) (NYSE:BWC) announced today that its Board of Directors has formally approved the spin-off of the Power Generation business creating a new public company. The Power Generation business will be named Babcock & Wilcox Enterprises, Inc. (“New B&W”), and operate as Babcock & Wilcox. It will be headquartered in Charlotte, N.C.