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.
Toshiba Chief Executive Atsutoshi Nishida said the company will acquire 100 percent of Westinghouse, but was in discussion with other companies in the U.S. and Japan about their taking a minority stake.
