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Babcock & Wilcox: Activist Investor Gets A Spin-Off?

2015-01-19 08:44:28| Industrial Machines - Topix.net

Will the recent spinoff be the major catalyst the market needs to push BWC higher? Babcock & Wilcox will complete the spin off of its Power Generation business into an independent company sometime this summer, a move that should satisfy hedge fund Blue Harbour Group. The usually "friendly" activist fund took a stake in BWC back May 2014 .

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