Toshiba-Westinghouse Takes China Nuclear

Critics bashed the Japanese company for buying the Pittsburgh electricity player, but power station sales are hot

Toshiba CEO Atsutoshi Nishida had little time to savor his victory in nabbing Westinghouse Electric. Within hours of the handover from British Nuclear Fuels in October, analysts were grilling Nishida about his plans for Westinghouse. Most of the comments criticized him for agreeing to a whopping $5.4 billion price for the 77% stake in Westinghouse and for his optimistic 17-year plan to recoup the investment.

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