Search results
Results From The WOW.Com Content Network
A Reverse Morris Trust is used when a parent company has a subsidiary (sub-company) that it wants to sell in a tax-efficient manner. 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 ...
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 ...
General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over ...
Need help? Call us! 800-290-4726 Login / Join. Mail
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.
Wabtec renamed the Boise Locomotive division to "MotivePower" in 2000. [4] MotivePower continues as a wholly owned subsidiary of Wabtec. [ 5 ] On September 18, 2019 several months following Wabtec's merger with GE Transportation , Wabtec announced the MotivePower Boise plant will close in early 2020 and production shifted to Wabtec's legacy GE ...
General Electric has agreed to merge its transportation segment with Wabtec, with total proceeds to the company and its shareholders exceeding $10 billion.
GE Capital was the financial services division of General Electric. [1] Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial.