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Toshiba to Sell Westinghouse

22 Jan 2018

Skadden advised Toshiba Corporation on the sale of its claims against Westinghouse Electric Company LLC to Nucleus Acquisition LLC (a consortium controlled by The Baupost Group, LLC) for $2.16 billion and the sale of its Westinghouse-related shares to Brookfield WEC Holdings LLC. Skadden also assisted Toshiba with the successful negotiation and execution of a key plan support agreement with Westinghouse, its statutory unsecured creditors committee and other parties.

Matter Type
M&A: Seller's Counsel
Industry
Energy & Utilities
News Category
Energy, Utilities & Natural Resources
M&A