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Toshiba agrees to acquire Shaw's (NYSE:SHAW) 20% stake in nuclear power-plant company...

Oct. 10, 2012 3:25 AM ETShaw Group Inc. (SHAW) StockTOSBF, SHAW, TOSYYBy: Yigal Grayeff, SA News Editor1 Comment
Toshiba agrees to acquire Shaw's (NYSE:SHAW) 20% stake in nuclear power-plant company Westinghouse Electric for Y125B ($1.6B), thereby lifting the Japanese conglomerate's holding to 87%. Toshiba has also received interest from new potential partners about buying a stake in Westinghouse, although Toshiba wants to maintain a majority holding. (PR)

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