Author Archive | John Downey

Siemens AG is looking at “strategic options” for its natural gas turbine business that could include an outright sale of the unit or some combination with a rival, reports Bloomberg, citing unnamed sources.

Siemens says the company “does not comment o...

Report: Siemens mulls possible sale of gas turbine business

Siemens AG is looking at “strategic options” for its natural gas turbine business that could include an outright sale of the unit or some combination with a rival, reports Bloomberg, citing unnamed sources. Siemens says the company “does not comment o… Read more at: Manufacturing News – Manufacturing News Headlines | Bizjournals.com

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Siemens AG is looking at “strategic options” for its natural gas turbine business that could include an outright sale of the unit or some combination with a rival, reports Bloomberg, citing unnamed sources.

Siemens says the company “does not comment o...

Report: Siemens mulls possible sale of gas turbine business

Siemens AG is looking at “strategic options” for its natural gas turbine business that could include an outright sale of the unit or some combination with a rival, reports Bloomberg, citing unnamed sources. Siemens says the company “does not comment o… Read more at: Manufacturing News – Manufacturing News Headlines | Bizjournals.com

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Steel Partners Holdings, which has made a non-binding offer to buy Babcock & Wilcox Enterprises, is the largest shareholder in the Charlotte-based power engineering and manufacturing company.

B&W has agreed to review Steel Partner’s proposal for a pos...

Possible Babcock & Wilcox buyer is company’s largest shareholder

Steel Partners Holdings, which has made a non-binding offer to buy Babcock & Wilcox Enterprises, is the largest shareholder in the Charlotte-based power engineering and manufacturing company. B&W has agreed to review Steel Partner’s proposal for a pos… Read more at: Manufacturing News – Manufacturing News Headlines | Bizjournals.com

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Financially troubled Babcock & Wilcox Enterprises Inc. raised $248.5 million in a rights offering that nearly quadrupled the outstanding shares and left a Florida-based hedge fund owning 28.8% of the company’s stock.

The company offered existing share...

Babcock & Wilcox has a new top shareholder after raising $249M to cure loan default

Financially troubled Babcock & Wilcox Enterprises Inc. raised $248.5 million in a rights offering that nearly quadrupled the outstanding shares and left a Florida-based hedge fund owning 28.8% of the company’s stock. The company offered existing share… Read more at: Manufacturing News – Manufacturing News Headlines | Bizjournals.com

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