GE to merge transportation unit with Wabtec in $11.1 billion deal

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

(Reuters) – General Electric Co announced a $11.1 billion deal on Monday to merge its transportation business with U.S. rail equipment manufacturer Wabtec Corp , with GE and its shareholders owning just over half of the combined business.

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Source:: Reuters – Business News