wabtec

GE to Merge Rail Division with Wabtec in $11 Billion Deal

GE to Merge Rail Division with Wabtec in $11 Billion Deal

General Electric Co.’s (NYSE: GE) transportation unit and Wabtec Corporation (NYSE: WAB) announced a merger deal valued at approximately $11.1 billion. The transaction will make Wabtec a Fortune 500 as well as establishing itself as a global l..