• General Electric continues transformation; $11B rail deal

    2 monthes ago - By Boston Herald

    NEW YORK - General Electric will tie its train engine division to the railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman. Under the deal announced Monday and approved by the boards of both companies, General Electric Co. will get $2.9 billion in cash. The deal is expected to close early next year.
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  • Why General Electric Is Spinning Off Its Transportation Business

    2 monthes ago - By Fortune

    GE ge has agreed to merge its transportation business with Wabtec, an American manufacturer of train equipment, in a deal worth $11.1 billion, the companies announced. GE will receive a $2.9 billion cash payment up front, and GE and its shareholders will own 50.1% of the combined company.
    Among other things, GE's transportation business manufactures freight and passenger trains, marine diesel engines and mining equipment. Spinning off the division will be the biggest deal yet for CEO John Flannery, who took over in August. Here's why GE wants the deal.
    Streamlining
    It's no secret that GE's...
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  • Wabtec, GE Transportation to merge in $11.1 billion deal

    2 monthes ago - By Post Gazette

    Wabtec announced it has signed a deal worth $11.1 billion to buy GE Transportation, General Electric's century-old locomotive unit, and fold it into the Wilmerding-based manufacturer's ever-growing empire of rail products and services.
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  • General Electric cuts $11B deal with Wabtec

    2 monthes ago - By Boston Herald

    NEW YORK - General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman. Under the deal announced Monday and approved by the boards of both companies, General Electric Co. will get $2.9 billion in cash and own a 50.1 percent stake. It values the deal, expected to close early next year, at $11.1 billion.
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  • General Electric cuts $11B deal with Wabtec

    2 monthes ago - By Miami Herald

    General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of...
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  • General Electric announces $11 billion merger deal with Wilmerding-based Wabtec

    General Electric announces $11 billion merger deal with Wilmerding-based Wabtec

    2 monthes ago - By WTAE

    GE Transportation will tie up with railroad equipment maker Wabtec in deal worth $11 billion.
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  • General Electric cuts $11B deal with Wabtec

    2 monthes ago - By Star Tribune


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  • General Electric cuts $11B deal with Wabtec

    General Electric cuts $11B deal with Wabtec

    2 monthes ago - By The Seattle Times

    NEW YORK - General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver, will be executive chairman. Under...
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  • GE merges transportation unit with Wabtec in $11.1 billion deal

    2 monthes ago - By Reuters

    General Electric Co confirmed on Monday it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp , a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.
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  • GE merges transportation unit with Wabtec in $11.1 billion deal

    2 monthes ago - By Reuters

    General Electric Co confirmed on Monday it will merge its transportation business that makes train engines with Wabtec Corp , a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.
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  • General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth $11 billion

    2 monthes ago - By The Seattle Times

    NEW YORK - General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth $11 billion.
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