Babcock & Wilcox Enterprises Inc. confirms it has received a “non-binding expression of interest” from Steel Partners Holdings to purchase the company and says its board of directors will consider the offer. The New York investment firm led by Warren Lichtenstein has offered up to $485 million to buy the financially troubled power engineering and manufacturing company. Steel Partners sent a letter to the B&W board on Wednesday. The terse release issued by Charlotte-based B&W Thursday does…
from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2018/05/24/babcock-wilcox-to-review-takeover-bid-worth-up-to.html?ana=RSS&s=article_search
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