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News Breaks | | | | January 4, 2013 | | 08:14 EDT |  | SHAW, TOSBF | Shaw's NEH sells 20% interest in Toshiba Nuclear Energy Holdings
Shaw (SHAW) says in an 8-K filing that on January 4, Nuclear Energy Holdings, a wholly owned special purpose subsidiary, sold its 20% equity interest in Toshiba Nuclear Energy Holdings (US) Inc. and Toshiba Nuclear Energy Holdings (UK) Limited, and their subsidiaries to Toshiba Corp. (TOSBF). Toshiba purchased the Shares at a price of Y$124.7B, the price prescribed in the Put Option Agreements entered into by the parties at the time of NEH’s original investment. The cash proceeds were deposited in trust to fund 96.7% of the future repayment of limited recourse bonds issued through the Japanese private placement market to fund NEH’s investment in Westinghouse. NEH will separately fund the Trust with the remaining 3.3%, $4.3B JPY, of the principal amount of the Westinghouse Bonds, plus the regularly scheduled semi-annual interest payment by March 15. The Trustee will repay the Westinghouse Bonds at their maturity on March 15. | |
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News For SHAW;TOSBF From The Last 14 Days Check below for free stories on SHAW;TOSBF the last two weeks. |
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| May 23, 2013 | | 12:21 EDT |  | TOSBF | Toshiba set to buy assets of Elettra Technology, The Globe and Mail says
 Subscribe for More Information | | | May 20, 2013 | | 05:58 EDT | | TOSBF | Advanced Semiconductor acquires shares of Wuxi Tongzhi for RMB 70M from Toshiba
Subscribe for More Information | | | May 14, 2013 | | 10:49 EDT | | TOSBF | Dell accuses optical disk drive makers of price-fixing, Bloomberg says
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