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Stock impact report

Wabtec Announces Stockholder Approvals in Connection with Planned Combination with 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., Nov. 14, 2018 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) announced that at a special meeting today the company’s stockholders approved proposals in connection with its planned combination with GE Transportation. Raymond T. Betler, Wabtec’s president and chief executive officer, said: “We’re very gratified that our stockholders expressed strong support for the proposals and, therefore, our combination with GE Transportation.  This milestone marks a critical step in the process toward merging our two companies, which we believe will accelerate innovation for our customers; generate improved earnings, margins and cash flow for our stockholders; and create long-term growth opportunities for our employees.” The transaction is expected to be completed by early 2019, subject to customary closing conditions.  It is possible that the proposed combination could be completed at an earlier time if the closing conditions are satisfied sooner. At today’s special meetin Show less Read more
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