Distressed Investing: Westinghouse Electric Bankruptcy – ValueWalk Premium
Westinghouse Electric

Distressed Investing: Westinghouse Electric Bankruptcy

In March 2017, Westinghouse Electric, the 20-year-old nuclear offshoot of the historic Westinghouse company filed for Chapter 11 bankruptcy protection. Over the next 16 months, the company progress through an extremely complex bankruptcy and sale process. It finally emerged from bankruptcy in August of last year with a concurrent sale to Brookfield for a transaction value of $3.8 billion, or $4.6 billion including the assumption of certain liabilities.

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