Manufacturing Industry
FOSTER WHEELER SUBSIDIARY AGREES TO SELL WASTE-TO-ENERGY PLANT.
Industrial Environment, September, 2002
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Foster Wheeler Ltd. (NYSE:FWC), Hamilton, Bermuda, has announced that one of its subsidiaries has preliminarily agreed to sell its interests in its Hudson Falls, New York waste-to-energy plant.
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The counties of Warren and Washington (New York) Industrial Development Agency and Wheelabrator Technologies, Inc. are the other parties to the transaction. The transaction would provide Foster Wheeler with cash, eliminate approximately $52,600,000 in project debt, and settle the long-outstanding litigation surrounding the plant. The sale will also result in a second-quarter charge of ...
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