Babcock & Wilcox Enterprises (B&W) (NYSE:BW) announced that it has completed its spin-off from its former parent company and its stock will trade independently on the New York Stock Exchange beginning 7/1.
Babcock & Wilcox was formerly the power generation segment of The Babcock & Wilcox Company.
B&W will continue to be headquartered in Charlotte, N.C., with its largest center of operations in Barberton, Ohio. A global company with major operations in the U.S., Canada, Mexico, China, India, Denmark, Germany and other countries around the world, B&W employs approximately 6,000 people, in addition to 2,500 joint venture employees. Source
Spin-Off
