Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Case for Nuclear Energy -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (128)	1/24/2006 4:02:28 AM
From: nigel bates	Read Replies (1) \| Respond to of 312

Bidding for the nuclear-power and technology firm had escalated The price talked about when this sale was originally mooted was around $2bn...

To: Sam Citron who wrote (128)	2/6/2006 7:02:50 AM
From: nigel bates	Respond to of 312

LONDON - Japan's Toshiba Corp. announced Monday that it was buying nuclear plant builder Westinghouse Electric Co., the U.S.-based unit of the British government's British Nuclear Fuels PLC, for $5.4 billion. Toshiba said it will acquire 100 percent of Westinghouse, but that it expected to have several minority investors who wanted to become involved and would retain more than 51 percent to remain the controlling shareholder. "With Westinghouse, Toshiba will be a global nuclear power business organization committed to delivering world-class nuclear power generation systems and services, backed up by proven technology, reliability and superb efficiency," Atsutoshi Nishida, president and CEO of Toshiba, said in a statement. The high-profile battle for control of Westinghouse underscores a view among global firms that energy is an industry that could grow in importance as the world confronts limited resources of oil and other fossil fuels. Mike Parker, chief executive of BNFL, said the agreement will give Westinghouse new export opportunities that will enable it to compete more effectively for new U.S. customers...