Tag Archives: BW Spinoff

Babcock & Wilcox To Spinoff Boiler Business On July 1, Rebrand As BWX Technologies

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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 »

Can McDermott(MDR) Spinoff Babcock & Wilcox Generate Power For Your Portfolio?

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By the time United Technologies(UTX) offered to purchase Babcock & Wilcox for $42 per share in March 1977, the company’s storied history already extended over a century.  Founded to manufacture and sell the water tube boiler invented by Stephen Wilcox, the company’s products powered the first New York City Subway, Teddy Roosevelt’s Great White Fleet and the company had been… Read More »