When adjusted for the net tax step-up value of $1.1 billion accruing to the combined company, the transaction value is $10 billion. Accomplished leaders building GEs legacy. The deal to merge GE transportation withWestinghouse Air Brake Technologies(WAB -0.07%), or Wabtec, is somewhat complicated but, in general, can be seen as a near-term positive for shareholders. Explore GEs recent and historic SEC filings. I am totally confused. Ive had a series of email exchanges with the corporate actions team at Ameritrade. Access the latest press releases, media contacts, and press tools. Will GE shareholders get shares of Wabtec? Wabtec and GE Transportation will be combined in a transaction in which GE will (i) sell a portion of the assets of GE Transportation to Wabtec; (ii) complete the spin-off or split-off of a portion of GE Transportation to GE shareholders; and (iii) immediately thereafter merge GE Transportation with a wholly owned subsidiary of Wabtec. The combination will bring together two global leaders in rail equipment, services and software, combining GE Transportation, a global digital industrial leader and supplier to the rail, mining, marine, stationary power and drilling industries, with Wabtecs broad range of freight, transit and electronics solutions. Your corporation you own stock in may also support a stock sale plan. $78.06, establishes the shareowners cost basis in Wabtec shares going forward. Please select the GE business(es) of most interest to you: GE's Investor Relations website at www.ge.com/investor-relations and our corporate blog at ge.com/reports as well as GE's social media accounts, contain a significant amount of information about GE, including financial and other information for investors. GE shareholders own about 24.3 percent of Wabtec on a fully diluted basis. GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio. Sign up for our newsletter and stay up to date with whats happening in Investor news. Microsoft is retiring and will no longer support Internet Explorer.
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