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(From Asia Pulse)
SEOUL, Aug 22 Asia Pulse - South Korean power-generation equipment maker Doosan Heavy Industries & Construction Co. said Monday it will bid for Westinghouse Electric Co., a U.S.-based unit of British Nuclear Fuels Plc.
"Doosan Heavy has presented a letter of intent for the purchase of Westinghouse before it will take part in preliminary bidding in the middle of next month," a company official said.
The preferred bidder is to be chosen by the end of this year, he said.
Doosan, U.S. General Electric Co., Mitsubishi Heavy Industries Ltd., Japan's largest heavy machinery manufacturer, and other prospective buyers are to …