Babcock & Wilcox evaluating potential split into 2 separate, publicly traded companies

Associated Press

Babcock & Wilcox Co. is considering a split into two publicly traded companies, one focusing on energy and the other on government and nuclear operation.

The company board is trying to determine if dividing the company would be both beneficial to shareholders, and allow the independent entities to become more focused on their core operations.

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The specialty energy constructor said Wednesday that there's no guarantee a separation will take place, and that it's too early to begin discussing terms or timelines.

B&W, based in Charlotte, North Carolina, will provide more details, however, after it releases its third-quarter report early next month.

Shares have fallen 18 percent over the past 12 months.