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Stock impact report

Wabtec and GE Announce U.S. Department of Justice Has Closed Its Review of Pending Merger of Wabtec and GE Transportation

Westinghouse Air Brake Technologies Corporation (WAB) 
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am Check Earnings Report
US:NYSE Investor Relations: wabtec.com/investors
Company Research Source: GlobeNewswire
WILMERDING, Pa. and BOSTON, Jan. 14, 2019 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) and General Electric Company (NYSE: GE) announced today that the U.S. Department of Justice (DOJ) has closed its review of the pending merger of Wabtec and GE Transportation, a business unit of GE.  The merger is expected to create a stronger, more diversified transportation and logistics company. Raymond T. Betler, president and CEO of Wabtec, said: “The DOJ’s decision to close its review of the pending merger marks a significant milestone for our customers, employees, and shareholders.  By bringing together GE Transportation, a global digital industrial leader and supplier to the rail, mining, marine, stationary power and drilling industries, with Wabtec’s broad range of freight, transit and electronics solutions, we will have the capability and expertise to invent smarter ways to move and improve the world.” The transaction, which will position Wabtec as a Fortune 500 company with opera Show less Read more
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