Toshiba To Spend $1.6B For Shaw's 20% Stake In Westinghouse
Toshiba will acquire Shaw's stake in Westinghouse Electric Co. LLC within the next 90 days using cash on hand and available loans, it said. Toshiba already owns 67 percent of Westinghouse, with Kazakhstan and Japanese companies owning the rest.
Shaw exercised its put option on Westinghouse through its special purpose...
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