Bankrupt Westinghouse Finds a Buyer

By [email protected] Brookfield Business Partners, part of Brookfield Asset Management, announced this week it would acquire the bankrupt Westinghouse Electric Company for $4.6 billion.

The purchase comes just days after Brookfield Renewable Partners closed its deal to acquire SunEdison’s TerraForm Global Inc. for $750 million. Brookfield also agreed to a controlling stake in YieldCo TerraForm Power. Along with those investments, the Westinghouse deal adds depth to Brookfield’s growing portfolio of power assets acquired at rock-bottom prices.

In a release on the Westinghouse agreement, Brookfield called Westinghouse an “iconic American company” and highlighted its “strong market position” and “attractive revenue and cash flow

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