Brookfield Buys Toshiba Nuclear Unit, Westinghouse Electric

Westinghouse, the U.S. nuclear unit of Toshiba, filed for bankruptcy protection in March.

Mnet 109580 Toshiba Westinghouse Ap Large

Brookfield Business Partners LP is buying Westinghouse Electric Co. in a deal worth about $4.6 billion.

Westinghouse, the U.S. nuclear unit of Toshiba, filed for bankruptcy protection in March.

Westinghouse said Thursday that the transaction doesn't involve cash, but includes the assumption of a number of pension, environmental and operating obligations.

The deal is expected to close in the third quarter. It still needs bankruptcy court approval.

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