The Toshiba Corp. of Japan is said to be near a deal to buy Westinghouse Electric, a builder of nuclear power plants, for about $5 billion, according to a report in the New York Times. Based on comments made from an unidentified person close to the deal, the report said Toshiba beat competing bids from General Electric, Hitachi and Mitsubishi Heavy Industries.
Based in Monroeville, PA, Westinghouse is controlled by British Nuclear Fuels, which is controlled by the British government. Westinghouse technology is found in half the world's operating commercial nuclear power plants, according to the company. It has 8,500 employees.
Toshiba Likely Westinghouse Buyer
The Toshiba Corp. of Japan is said to be near a deal to buy Westinghouse Electric, a builder of nuclear power plants, for about $5 billion, according to a report in the New York Times.
Jan 23, 2006
Latest in Home
NAM Opposes New Overtime, Noncompete Rules
April 24, 2024
Tesla 1Q Profit Falls 55%
April 24, 2024
Boeing Posts $355 Million Loss
April 24, 2024