Of Mergers and Acquisitions

摘要

As with all major industries, the nuclear industry has seenrnits share of corporate upheaval and market recalibration overrnthe years. However, as the events of 2017, and even the pastrnweek, have shown, the current era may be one of the more activernin terms of mergers and acquisitions (M&A). In just thernfirst week of the new year, we have seen two multibillion dollarrndeals announced affecting our industry. The first was DominionrnEnergy’s all-stock deal priced at $7.9 billion to purchasernSCANA (see story on page 3). Dominion is also assumingrnall of SCANA’s $6.7 in debts – about $4 billion ofrnwhich are attributed to the failed VC Summer 2 & 3 reactorrnconstruction project – so the total value of the purchase isrn$14.6 billion. Just a day later, we learned that WestinghousernElectric Company’s board selected Brookfield Business Partnersrnas the winning bidder to buy the company from ToshibarnCorporation for a total price of $4.6 billion. Both acquisitionsrnare expected to be concluded before the end of this year assumingrnall regulatory approvals are granted in time.