GE merges transportation unit with Wabtec in $11.1 billion deal

May 21, 2018 admin Business News Comments Off on GE merges transportation unit with Wabtec in $11.1 billion deal

(Reuters) – General Electric Co confirmed on Monday it was unloading the bulk of its transportation business which makes train engines to Wabtec Corp , a U.S. manufacturer of equipment for the rail industry, in a deal valued at about $11.1 billion.

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Source:: Reuters – Business News