Babcock & Wilcox Evaluates To Separate Its Businesses - Quick Facts

(RTTNews) - Babcock & Wilcox Co. (BWC) said that its board is evaluating the separation of the company's Power Generation Business and Government & Nuclear Operations Business into two publicly traded companies.

The company noted that its board's goal is to determine whether a separation creates the opportunity for enhanced shareholder value and business focus.

The firm has retained JPMorgan as its financial advisor and Wachtell, Lipton, Rosen & Katz and Jones Day as legal advisors to assist in this process.

The company stated that there can be no assurance that a separation will occur or, if a separation is approved, its terms or timing. It will provide additional detail on its third quarter 2014 earnings call in early November.