Babcock & Wilcox Company (B&W) files spinoff with SEC, expected to occur by mid-2015

Babcock & Wilcox Company (B&W) announced that Babcock & Wilcox Enterprises, Inc., its newly formed subsidiary that will hold the company’s power generation business, has filed a registration statement with the SEC. The filing relates to the previously announced plan to pursue a spinoff of The Babcock & Wilcox Company’s power generation business to create an independent publicly traded company. Source