The ‘Summer of Spin’ rolls on and yesterday witnessed the completion of three more spin offs: Masco (MAS) separated its installations and services into TopBuild (BLD) TriMas (TRS) spun off its former Cequent units as Horizon Global (HZN) Babcock & Wilcox (BWC) changed its name to BWX Technologies (BWXT) and spun off its power generation unit as Babcock &… Read More »
Calling all spinoff lovers – it’s time to get your hard hats on because the end of this month is going to be crazy. Just call it the ‘Summer of Spin’. In the somewhat improbable five plus years we have been running this site (and I am willing to bet over the course of history), there has never… Read More »
Late last year, management at Babcock & Wilcox (BWC) was considering whether or not a breakup of its businesses made sense. Given the company name, it’s no surprise the company opted to produce some progeny and shortly thereafter it announced that it would spin off its power generation business. The new company will be named Babcock & Wilcox… Read More »