Exclusive: GE nears deal to merge transportation unit with Wabtec - sources

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Go back to Exclusive: GE nears deal to merge transportation unit with Wabtec - sources

General Electric (GE) Deal To Merge Transportation with Wabtec Positive at the Margin - RBC

May 21, 2018 12:15 PM EDT

RBC Capital analsyt Deane Dray sees three positives implications at the margin for General Electric (NYSE: GE) related to its deal to merge GE Transportation Wabtec:

(1) GE gets to check the box on one of the ~20 transactions that the company has said are currently in... More

General Electric (GE) Gains on Reports of Transportation Unit Merger with Wabtec (WAB)

May 21, 2018 6:11 AM EDT

General Electric (NYSE: GE) shares are indicated to open 2.2% higher Monday following reports from Reuters that the company is near a deal to merge its transportation business, which manufactures train engines, with Wabtec Corp (NYSE:... More