Blowback from Going Nuclear: Massive Goodwill Impairment Looms at Toshiba
On December 27, 2016 Toshiba Corporation announced the possibility of a goodwill impairment charge related to its U.S. nuclear power plant construction business, which was acquired for $229 million in late 2015 by Toshiba’s Westinghouse Electric Company subsidiary. Karolina Calhoun, senior financial analyst with Mercer Capital, describes that both the buyer and target have been plagued by financial difficu ...
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