BW - Why Babcock & Wilcox Shares Are Surging Today | Benzinga
Babcock & Wilcox Enterprises, Inc. (NYSE:BW) shares are trading higher after the company inked a deal to sell its Denmark-based subsidiary, Babcock & Wilcox Renewable Service A/S, to Hitachi Zosen Inova for $87 million.
BWRS, which employs more than 160 people and provides aftermarket parts and services for waste-to-energy plants in northern Europe and the U.K., was transferred to HZI.
This transaction aligns with the company’s strategy to divest non-core businesses ...