tiprankstipranks
Trending News
More News >

Babcock & Wilcox to sell Diamond Power business to Andritz for $177M

Babcock & Wilcox announced that it has reached an agreement to sell its Diamond Power International business to Austria-based Andritz for $177M, subject to customary fees and adjustments. The sale is expected to close within approximately 30 days and will include the transfer of approximately 400 employees to Andritz.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue