Toshiba to acquire Westinghouse?


It’s surprising to me, but the logic seems sound.  Apparently, Toshiba is going to acquire Westinghouse for $5.4 billion.

Japanese electronics maker Toshiba Corp. said Monday that it was buying nuclear plant builder Westinghouse Electric Co., the U.S.-based unit of the British government’s British Nuclear Fuels PLC, for $5.4 billion.

[tags]Toshiba, Westinghouse, Nuclear power[/tags]