Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

Stock Buybacks

Babcock & Wilcox Company $BWC increases share buyback authorization (~14% of mkt cap)

In its Q4 PR, Babcock & Wilcox Company (BWC) announced the increase of its share repurchase authorization to $750mm. The company has already repurchased roughly ~$250mm in FY13 leaving $500mm in its authorization going forward (~14% of mkt cap).

 

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