Wabtec (WAB) Announces DOJ Filing of Proposed Consent Decree Related to Faiveley Deal; Calls for Asset Sales

Department of Justice Files Proposed Consent Decree To Approve Combination of Wabtec and Faiveley Transport

WILMERDING, Pa., Oct. 26, 2016 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) said the U.S. Department of Justice has filed a proposed consent decree with the U.S. District Court in Washington, D.C. to approve Wabtecs combination with Faiveley Transport S.A. (Euronext Paris: LEY).  The proposed consent decree is seeking approval of a settlement resolving the DOJs concerns about the acquisition.  The settlement is conditioned upon the sale of certain U.S.... More