Wabtec (WAB) PT Raised to $115 at Stifel Following GE Deal
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Wabtec and GE Transportation to Merge, Creating Global Leader for Rail Equipment, Services and Software
May 21, 2018 7:01 AM EDTStrategic Combination Will Drive Shareholder Value Creation by Accelerating Innovation in Transportation and Logistics  Following the transaction, Wabtec will have approximately $8 billion in revenues, a more diversified business mix, higher margins, and approximately 15 percent cash EPS accretion in year one. Both businesses are expected to benefit from the cyclical tailwinds they are experiencing as industry conditions improve. Complementary businesses and large global installed base will create additional opportunities for cross-selling, aftermarket services growth and new solutions in a rapidly evolving industry.... More
