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

|About: Shaw Group Inc. (SHAW)|By:, SA News Editor

Toshiba agrees to acquire Shaw's (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)