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Private equity bids on bankrupt nuclear power player

Peretz Partensky via Flickr CC

Private equity firms Apollo Global Management and The Blackstone Group are bidding on the business of Westinghouse Electric Co., the bankrupt U.S. nuclear power plant company that is currently owned by Japan's Toshiba Corp., as reported by Reuters and confirmed by Axios.

Bottom line: The buyer universe could be fairly limited. Many foreign financial sponsors or strategics — particularly from China — would have trouble passing U.S. regulatory muster, while the U.S. nuclear services space is so small that domestic rivals could face antitrust scrutiny.