GE to merge transportation unit with Wabtec in $11.1 billion deal - Reuters
GE to merge transportation unit with Wabtec in $11.1 billion deal
(Reuters) - General Electric Co (GE.N) announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp (WAB.N), with GE and its shareholders owning just over half of the combined business.
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Published on 21 May 2018 at 04:51PM