Our teams have made significant progress in integration planning, and this process has only strengthened our confidence in the value creation potential of the combination. As a result, the 25th will also be the distribution date for GE’s transportation business spin off which will be immediately merged into Wabtec. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. View the latest Wabtec (WAB) stock price, news, historical charts, analyst ratings and financial information from WSJ. Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. Meeting at the intersection of solution, innovation, manufacturing excellence, and best-in-class services delivery, the new Wabtec combines the rich and winning legacy of GE Transportation’s equipment, services and digital know-how with Wabtec’s trusted legacy of freight, transit and industrial components and systems. Everything looks OK entering the Spinoff transaction in QWin 2019, producing the same number of GE shares as I originally held but at a reduced cost basis, plus XX.70599 share of Wabtec.
The GE interest is valued at $3.4 billion based on Wabtec’s current market stock price of $71.03. Together we are well positioned to take advantage of the opportunities created by industry trends toward efficiency and improved performance and, with the merger complete, we are focused on leveraging our complementary portfolios to spur growth.” Westinghouse Air Brake Technologies Corp. engages in the provision of equipment, systems, and value-added services for the rail industry. GE owns common stock … Participant. View today's stock price, news and analysis for Wabtec (WAB).
The end result will be a more vertically integrated freight car business that is… Read More » Wabtec shareholders own approximately 50.8% of Wabtec on a fully diluted basis and GE shareholders own approximately 24.3% of Wabtec on a fully diluted basis.
Wabtec brings to market a robust installed base of more than 23,000 locomotives globally, an expanded global reach, a strong mix of products and services, as well as enhanced capabilities to drive innovation faster in key growth areas.
Data may be intentionally delayed pursuant to supplier requirements.
The Freight segment involves in the manufacture and offers services...Data are provided 'as is' for informational purposes only and are not intended for trading purposes. GE (GE) is set to close the restructured merger agreement for its transportation business with Wabtec (WAB) on February 25th. GE will own Wabtec common stock and Wabtec non-voting convertible preferred stock, which together represent approximately a 24.9% economic interest in Wabtec. Wabtec Corporation 30 Isabella Street Pittsburgh, PA 15212 - USA Phone: 888-264-0011 Fax: 412-825-1019 Wabtec Corp. (NYSE: WAB) and General Electric Co. (NYSE: GE) look less and less like they are moving in the same direction. The company’s culture and experienced global workforce will leverage the common values of innovation, collaboration, inclusiveness, and Lean and continuous improvement, to help solve its customers’ toughest challenges.The strategic combination of complementary portfolios is expected to:Raymond T. Betler, Wabtec’s president and CEO, said: “We are very excited to complete the merger of our two companies. It operates through the following segments: Freight and Transit. May 29, 2020 at 7:52 pm #6698. This is a once-in-a-lifetime opportunity to bring together nearly four centuries of collective experience to create a technologically advanced leader with a highly complementary set of capabilities to move and improve the world. KAWill. The General Electric cost basis will not change and the Wabtec shares are considered covered shares with a cost basis of the closing price on February 25, 2019: $78.06. The dividend was 100% qualified.
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