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  2. Based on the number of shares of GE and Wabtec common stock outstanding on Dec. 31, GE shareholders are also expected to get about 0.005403 of a share of Wabtec common stock for each share of GE ...

  3. Reverse Morris Trust - Wikipedia

    en.wikipedia.org/wiki/Reverse_Morris_Trust

    The parent company completes a spin-off of a subsidiary to the parent company's shareholders. Under Internal Revenue Code section 355, this could be tax-free if certain criteria are met. The former subsidiary (now owned by the parent company's shareholders, but separate from the parent company) then merges with a target company to create a ...

  4. Analyst: General Electric Just Took A 'Couple Of Steps ... - AOL

    www.aol.com/news/analyst-general-electric-just...

    General Electric Company (NYSE: GE ) jumped more than 4 percent Friday after the company announced a restructuring of its upcoming Wabtec transportation spin-off. The market took the news as a ...

  5. GE completes three-way split, breaking off from its storied past

    www.aol.com/news/ge-completes-three-way-split...

    CHICAGO (Reuters) -General Electric on Tuesday completed its breakup into three companies, marking the end of the 132-year-old conglomerate that was once the most valuable U.S. corporation and a ...

  6. List of largest corporate spin-offs - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_corporate...

    Spin-off entity Transaction value (in billions USD) Inflation adjusted (in billions 2022 USD) Ref 1 2024 General Electric Company: GE Aerospace, GE Vernova, GE Healthcare: 191 191 [1] 2 2008 Altria Group: Philip Morris International: 108 141 [2] [3] 3 2000 BCE: Nortel: 60 97 [3] 4 2013 Abbott Laboratories: AbbVie: 56 67 [3] 5 2015 eBay: PayPal ...

  7. GE Transportation - Wikipedia

    en.wikipedia.org/wiki/GE_Transportation

    GE Transportation is a division of Wabtec. It was known as GE Rail and owned by General Electric until sold to Wabtec on February 25, 2019. The organization manufactures equipment for the railroad, marine, mining, drilling and energy generation industries. The company was founded in 1907.

  8. Wabtec - Wikipedia

    en.wikipedia.org/wiki/Wabtec

    Wabtec Rail Limited is a railway engineering company based in at the Doncaster Works in Doncaster, England. Services include the overhaul and repair of railway rolling stock and components. Wabtec Rail occupies part of the former British Rail Engineering Limited site known locally as the Plant Works.

  9. A GE spinoff's stock is surging as it positions itself as the ...

    www.aol.com/finance/ge-spinoffs-stock-surging...

    Vernova stock is up more than 100% since its spinoff, compared to the S&P 500's 21% year-to-date gain.That's despite negative headlines in the company's most challenged unit — its wind turbines ...