Tag Archives: General Electric spinoff

GE Sells Stake In Wabtec As Former GE Exec Named Wabtec CEO, Labor Concerns In Erie Persist

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Months after the spinoff of its transportation unit and its subsequent merger with Wabtec(WAB), GE(GE) has sold 25.2 million shares of Wabtec stock in a public offering at $73.50 per share. The offering had originally been set at 12.5 million to 14.375 million shares but was quickly upsized, presumably due to robust interest. GE continues to own around… Read More »

GE Transportation Spinoff And Merger With Wabtec Set, GE Shareholders Won’t See Much In Their Portfolios

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GE (GE) is set to close the restructured merger agreement for its transportation business with Wabtec (WAB) on February 25th. 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. The end result will be a more vertically integrated freight car business that is… Read More »