Press release article from our research archive:

B&W to Acquire Nuclear Fuel Services.

Purchase of critical U.S. nuclear fuel supplier expands capabilities

HOUSTON -- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that an affiliate of its subsidiary, The Babcock & Wilcox Company ("B&W"), has entered into a definitive agreement to acquire Nuclear Fuel Services, Inc. ("NFS"), a provider of specialty nuclear fuels and related services. This acquisition strengthens B&W's nuclear manufacturing and service business for government and commercial markets.

NFS is a leader in the conversion of Cold War-era government stockpiles of highly enriched uranium into commercial nuclear reactor fuel. The company also operates a fuel production ...

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