"In May 2018, we announced an agreement to merge our Transportation segment with Wabtec Corporation, a U.S. rail
equipment manufacturer. Under the agreement, which has been approved by the Boards of Directors of Wabtec and GE, GE
will receive $2.9 billion in cash at closing, and GE and its shareholders will receive a 50.1% ownership interest in the combined
company, with GE holding 9.9% and GE shareholders holding the remaining 40.2%. Wabtec shareholders will retain 49.9% of
the combined company. The deal is expected to close in early 2019, subject to customary closing conditions and regulatory
approval."
https://www.ge.com/investor-relations/si...302018.pdf
equipment manufacturer. Under the agreement, which has been approved by the Boards of Directors of Wabtec and GE, GE
will receive $2.9 billion in cash at closing, and GE and its shareholders will receive a 50.1% ownership interest in the combined
company, with GE holding 9.9% and GE shareholders holding the remaining 40.2%. Wabtec shareholders will retain 49.9% of
the combined company. The deal is expected to close in early 2019, subject to customary closing conditions and regulatory
approval."
https://www.ge.com/investor-relations/si...302018.pdf