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Distressed Investing: Westinghouse Electric Bankruptcy

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Rupert Hargreaves
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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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Westinghouse Electric
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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha