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Morning Brief: Steel Partners Offers to Acquire Babcock & Wilcox

The activist hedge fund firm now owns 18 percent of the company and is seeking to buy the remaining shares.

Steel Partners has offered to buy the remaining shares of Babcock & Wilcox Enterprises for between $3 and $3.50 per shares. The activist hedge fund firm headed by Warren Lichtenstein currently owns 18 percent of the power generation company. "We have been in active dialogue with the company and its advisors

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