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General Electric Co said on Monday it expects to close the merger of its transportation business with Wabtec Corp on Feb. 25 and set a record date for distribution of shares. GE announced last ...
Westinghouse Air Brake Technologies Corp (NYSE: WAB ) will merge with the transportation segment of General Electric Company (NYSE: GE ) to create Transportation Systems Holdings, a rail equipment ...
The details behind the deal suggest it's good news for GE shareholders -- it but won't convince the bears watching the stock. Skip to main content. News. Need help? Call us! 800-290-4726. Login ...
On February 25, 2019 General Electric completed the transfer of its transportation products division to Wabtec, receiving a distribution of Wabtec shares and $2.9 billion cash. [ 8 ] On May 17, 2021 AT&T announced that it was spinning off its content subsidiary WarnerMedia and merging it with Discovery, Inc. to form a new company, Warner Bros ...
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.
GE will receive a $2.9 billion up-front payment in cash and a 9.9-percent stake in the combined company, with GE shareholders awarded 40.2 percent and existing Wabtec shareholders owning 49.9 ...