Tagged BWC

Babcock & Wilcox Split Completed

BWX Technologies, Inc. has completed the spin-off of its power generation business and will begin “regular way” trading on the NYSE under the new ticker symbol “BWXT” on July 1, 2015. In 2014, The Babcock & Wilcox Company (B&W) announced its intent to spin off its power generation business, and on June 8, 2015, B&W’s…

Babcock & Wilcox/Spin to Begin Trading When-Issued Today

The Babcock & Wilcox Company announced that the SEC has declared effective the Form 10 registration statement filed by Babcock & Wilcox Enterprises, Inc. (“New B&W”).  As a result of the spin-off, Company stockholders will receive one share of New B&W common stock for every two shares of BWC common stock held as of 5:00…

Babcock to Spin Off Power Gen Unit

(Market Cap $3.3B) The Babcock & Wilcox Company has approved a plan for the tax-free spin-off of the Company’s Power Generation business to B&W’s shareholders. Babcock & Wilcox, which will comprise the Power Generation business, is a technology-based provider of advanced fossil and renewable power generation equipment that includes a suite of environmental controls, products, and…

Babcock Hires Advisors to Consider Separation of Units

(Market Cap $3B)) The Babcock & Wilcox Company is evaluating the separation of the Company’s Power Generation Business and Government & Nuclear Operations Business into two publicly traded companies. The Board’s goal is to determine whether a separation creates the opportunity for enhanced shareholder value and business focus. B&W has retained JPMorgan as its financial…

Blue Harbour Group Files 13D on Babcock & Wilcox

(Market Cap $3.92B; Blue Harbour owns 6% at an average cost of $33.57 per share; The 13D doesnt really get into the valuation argument; However, Blue Harbour’s Clifton Robbins had presented this idea recently at the Active-Passive Summit where he had called BWC having a great management whose stock was misunderstood. Furthermore, he had asserted…

Fool on Pending Spinoffs

Fool.com (Nov 1, 2010): 5 Stocks Worth Watching The field of special situations can be a happy hunting ground. As Joel Greenblatt details in his You Can Be a Stock Market Genius, special-situation investing led him to 50% annualized returns for a decade. That type of return transforms a $1 investment into $52 in just…