Mitsubishi offers to buy Westinghouse Electric Co

Mitsubishi Heavy Industries Ltd. has offered to buy U.S. nuclear power plant builder Westinghouse Electric Co. in a deal that could reach 200 billion yen ($1.8 billion), the Nihon Keizai Shimbun newspaper reported on Saturday.

If the Mitsubishi Heavy bid succeeds, it would be the first large merger and acquisition deal for the Japanese firm, the Nikkei said.