If not, it would represent a missed opportunity to possibly bring in some more much-needed cash. Wabtec Completes Successful Merger With GE Transportation _____ Establishes Fortune 500, global transportation and logistics leader with a ttractive growth profile from large installed base, expanded global reach, strong mix of products and services WILMERDING, PA, (Feb. 25, 2019) – Wabtec Corporation (NYSE: WAB) announced today it has completed its merger with GE Transportation, a …

The exchange ratio for the combined Spin-off/merger transaction is 0.005371, meaning participating GE shareholders will receive 0.005371 shares of Wabtec common stock for each outstanding share of GE common stock held. Contact information for general inquiries and feedback.
Stated another way, for each approximately 186 shares of GE common stock held, a GE shareholder will receive one share of Wabtec common stock.Answers to popular and relevant inquiries.Jennifer Erickson, 646.682.5620Find yourself a world changing job.BOSTON - February 25, 2019 - GE (NYSE: GE) announced today the completion of the spin-off and subsequent merger of its transportation business with Wabtec Corporation (NYSE:WAB).GE Chairman and CEO H. Lawrence Culp, Jr., said, “Today’s update is another important landmark in executing GE’s portfolio strategy. The General Electric cost basis will not change and the Wabtec shares are considered covered shares with a cost basis of the closing price on February 25, 2019: $78.06. COVID-19 GE is supporting the fight against COVID-19. Specifically, GE Transportation will be first distributed to GE shareholders in a "tax-free spin- or split-off; then immediately merged with Wabtec," according to the deal presentation. Furthermore, the deal structure should accrue a net tax benefit of $1.1 billion to Wabtec.Retains 49.9% of shares in new Wabtec.Let's take a look at both sides of the story.Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Receives 40.2% of shares in new Wabtec.Management has already told investors to expect earnings and, by implication, cash flow to be at the lower end of 2018 guidance -- its most recent guidance implies a $500 million cut in power segment profit, which will be hard to make up elsewhere.Wabtec's management certainly thinks it got a great deal. (RTTNews) - General Electric Co. (GE) on Monday announced the completion of the spin-off and subsequent merger of its transportation business with Wabtec … For example, GE Transportation is expected to deliver around 300 locomotives in 2018; that compares with an average of around 670 over the last decade.Receives 9.9% of shares in new Wabtec and $2.9 billion in cash.Let's start by breaking out who will own what after the merger. Meanwhile, the structure of the deal is a nice way to return capital to GE shareholders.All told, it looks like a good deal for Wabtec.Since GE Transportation is only expected to start to rebound from a cyclical low in 2018, even the EV/EBITDA multiple for 2019 is still likely to reflect cyclically low earnings. We rise to the challenge of building a world that works.Voices is a network for GE’s US supporters interested in the company’s impact in their communities and in issues that impact the company.Access important shareholder information.We’re continuing to do all we can to support our customers and employees during this unprecedented time. “Fuel is the second largest operating cost for our customers, with North American Class 1 rai Aside from the tax benefit, the merged company is expected to generate $250 million in run-rate synergies by the fourth year after the deal, or around 3.2% of the combined 2017 revenue of GE Transportation and Wabtec. Let's start by breaking out who will own what after the merger.

As you can see below, existing shareholders will be rewarded with stock, as well as future cash flow and dividends from the new Wabtec.

In a sense, GE is covering its 2018 dividend by borrowing money and relying on asset sales.

Stated another way, for each approximately 186 shares of GE common stock held, a GE shareholder will receive one share of Wabtec common stock. Building a world that works. Explore a career with us.GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely.Offering a suite of products to help unlock the full potential of additive manufacturing.Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation.Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors.By embracing diverse teams and perspectives, we are better equipped to build a world that works.Together with our customers, we’re proving that no one is ever limited to only affordable, reliable, or sustainable energy.Explore a timeline of GE technologies that have spurred transformation across the world.Read the latest GE financial news releases and stories.Explore GE’s recent and historic SEC filings.Access the latest press releases, media contacts, and press tools.Sign up for our newsletter and stay up to date with what’s happening in Investor news.Access GE’s recent and historic Annual Reports and accompanying materials.Answers to popular and relevant inquiries.Find yourself a world changing job.A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint.Accomplished leaders building GE’s legacy.Vice President of Investor RelationsExplore GE’s recent and historic SEC filings.We’ve been a driving force for flight for over 100 years.GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio.Improving access to quality and affordable healthcare.Contact information for general inquiries and feedback.Dollars of enabled Industrial orders in 2019Read the latest GE financial news releases and stories.Discover how our people & technology are solving global issues, improving lives, and changing industries.Everywhere we look, we see the promise of renewable energy.Access important shareholder information.

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