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Westinghouse Electric to be sold for $7.9B

Westinghouse Electric to be sold for $7.9B

A consortium of two publicly traded companies and others plan to acquire Westinghouse Electric Co. in a $7.9 billion deal. The deal, which will close sometime in 2023, will see Cameco (NYSE: CCJ) and Brookfield Renewable (NYSE: BEP) acquire Westinghouse from Brookfield Business Partners. Brookfield Business Partners disclosed earlier this year it was trying to sell Westinghouse after it bought the company out of bankruptcy in 2018 from its previous owners, Toshiba.