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  • WABTEC AND GE MODIFY TERMS OF TRANSACTION, EXPECT TO CLOSE BY END OF FEBRUARY 2019

    01/25/2019

    WILMERDING, Pa. and BOSTON, (Jan. 25, 2019) – Wabtec Corporation (NYSE: WAB)  and GE (NYSE: GE) announced today they have modified the terms of their merger agreement and today will publicly file S4 and S1 registration statements, respectively, with the U.S. Securities and Exchange Commission (SEC).
     
    The planned merger of Wabtec and GE Transportation, a business unit of GE, is expected to close by the end of February 2019, subject to satisfaction or waiver of customary closing conditions. At closing, Wabtec plans to report its 2018 fourth quarter and full year results, and to provide 2019 financial guidance for the combined company. Together, Wabtec and GE Transportation…

  • WABTEC AND GE ANNOUNCE U.S. DEPARTMENT OF JUSTICE HAS CLOSED ITS REVIEW OF PENDING MERGER OF WABTEC AND GE TRANSPORTATION

    01/14/2019

    WILMERDING, Pa. and BOSTON, (Jan. 14, 2019) – Wabtec Corporation (NYSE: WAB) and General Electric Company (NYSE: GE) announced today that the U.S. Department of Justice (DOJ) has closed its review of the pending merger of Wabtec and GE Transportation, a business unit of GE.  The merger is expected to create a stronger, more diversified transportation and logistics company.
     
    Raymond T. Betler, president and CEO of Wabtec, said: “The DOJ’s decision to close its review of the pending merger marks a significant milestone for our customers, employees, and shareholders.  By bringing together GE Transportation, a global digital industrial leader and supplier to the rail, mining,…