Amended Statement of Ownership (sc 13g/a)
February 14 2018 - 4:49PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Babcock &
Wilcox Enterprises, Inc.
(Name of Issuer)
Common stock, par value $0.01
(Title of Class of Securities)
05614L100
(CUSIP Number)
December 31, 2017
(Date of Event Which Requires Filing of this
Statement)
Check the following box to designate the rule pursuant to which
the Schedule is filed:
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
CUSIP No.
05614L100
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1.
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Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
D. E. Shaw & Co., L.P.
13-3695715
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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¨
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(b)
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¨
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
Delaware
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
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5.
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Sole Voting Power
-0-
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6.
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Shared Voting Power
2,351,462
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7.
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Sole Dispositive Power
-0-
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8.
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Shared Dispositive Power
2,390,562
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,390,562
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
¨
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11.
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Percent of Class Represented by Amount in Row (9)
5.4%
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12.
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Type of Reporting Person (See Instructions)
IA, PN
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CUSIP No.
05614L100
|
1.
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Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
David E. Shaw
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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¨
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(b)
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¨
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
United States
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Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5.
|
Sole Voting Power
-0-
|
6.
|
Shared Voting Power
2,351,462
|
7.
|
Sole Dispositive Power
-0-
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8.
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Shared Dispositive Power
2,390,562
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,390,562
|
10.
|
Check if the Aggregate Amount in Row (9) Excludes Certain
Shares (See Instructions)
¨
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11.
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Percent of Class Represented by Amount in Row (9)
5.4%
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12.
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Type of Reporting Person (See Instructions)
IN
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Item 1.
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(a)
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Name of Issuer
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Babcock & Wilcox Enterprises, Inc.
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(b)
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Address of Issuer's Principal Executive Offices
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The Harris Building
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13024 Ballantyne Corporate Place, Suite 700
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Charlotte, NC 28277
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Item 2.
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(a)
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Name of Person Filing
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D. E. Shaw & Co., L.P.
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David E. Shaw
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(b)
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Address of Principal Business Office or, if none, Residence
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The business address for each reporting person is:
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1166 Avenue of the Americas, 9
th
Floor
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New York, NY 10036
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(c)
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Citizenship
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D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware.
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David E. Shaw is a citizen of the United States of America.
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(d)
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Title of Class of Securities
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Common stock, par value $0.01
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(e)
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CUSIP Number
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05614L100
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Item 3.
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If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
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Not Applicable
As of December 31, 2017:
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(a)
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Amount beneficially owned:
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D. E. Shaw & Co., L.P.:
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2,390,562 shares
This is composed of (i) 1,312,211 shares in the name of D. E. Shaw
Valence Portfolios, L.L.C., (ii) 814,231 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., and (iii) 264,120 shares under
the management of D. E. Shaw Investment Management, L.L.C.
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David E. Shaw:
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2,390,562 shares
This is composed of (i) 1,312,211 shares in the name of D. E. Shaw
Valence Portfolios, L.L.C., (ii) 814,231 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., and (iii) 264,120 shares under
the management of D. E. Shaw Investment Management, L.L.C.
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D. E. Shaw & Co., L.P.:
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5.4%
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David E. Shaw:
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5.4%
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(c)
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Number of shares to which the person has:
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(i)
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Sole power to vote or to direct the vote:
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D. E. Shaw & Co., L.P.:
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-0- shares
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David E. Shaw:
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-0- shares
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(ii)
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Shared power to vote or to direct the vote:
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D. E. Shaw & Co., L.P.:
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2,351,462 shares
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David E. Shaw:
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2,351,462 shares
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(iii)
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Sole power to dispose or to direct the disposition of:
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D. E. Shaw & Co., L.P.:
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-0- shares
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David E. Shaw:
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-0- shares
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(iv)
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Shared power to dispose or to direct the disposition of:
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D. E. Shaw & Co., L.P.:
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2,390,562 shares
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David E. Shaw:
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2,390,562 shares
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David E. Shaw does not own any shares directly. By virtue of David
E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E.
Shaw & Co., L.P., which in turn is the manager and investment adviser of D. E. Shaw Valence Portfolios, L.L.C., the investment
adviser of D. E. Shaw Oculus Portfolios, L.L.C., and the managing member of D. E. Shaw Investment Management, L.L.C., and by virtue
of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member
of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Oculus Portfolios, L.L.C., David E. Shaw
may be deemed to have the shared power to vote or direct the vote of 2,351,462 shares, and the shared power to dispose or direct
the disposition of 2,390,562 shares, the 2,390,562 shares as described above constituting 5.4% of the outstanding shares and, therefore,
David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of
such 2,390,562 shares.
Item 5.
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Ownership of Five Percent or Less of a Class
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Not Applicable
Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Not Applicable
Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
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Not Applicable
Item 8.
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Identification and Classification of Members of the Group
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Not Applicable
Item 9.
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Notice of Dissolution of Group
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Not Applicable
By signing below, each of D. E. Shaw & Co., L.P. and
David E. Shaw certify that, to the best of such reporting person’s knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purposes
or effect.
SIGNATURE
After reasonable inquiry and to the best of their knowledge and
belief, the undersigned certify that the information set forth in this statement is true, complete and correct. A Power of Attorney,
dated March 1, 2017, granted by David E. Shaw in favor of Nathan Thomas, is attached hereto.
Dated: February 14, 2018
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D. E. Shaw & Co., L.P.
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By:
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/s/ Nathan Thomas
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Nathan Thomas
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Chief Compliance Officer
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David E. Shaw
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By:
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/s/ Nathan Thomas
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Nathan Thomas
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Attorney-in-Fact for David E. Shaw
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