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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 ...
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 June 6, 2014, Wabtec acquired Fandstan Electric Group, a rail and industrial equipment manufacturer, for a purchase price of $199.4 million. [28] On June 17, 2015, Wabtec acquired all three units of Metalocaucho (MTC), which are leaders in the field of suspension and anti-vibration systems in Spain, China and India, for a purchase price of ...
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 ...
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.
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 ...
Wabtec's (WAB) deal with GE Transportation, expected to close early next year, should significantly expand product portfolio of the former. The company's current-year outlook is encouraging as well.