GE Transportation - Wabtec merger

Discussion in 'Freight, International and Other Rail' started by jis, May 21, 2018.

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  1. May 21, 2018 #1

    jis

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  2. May 22, 2018 #2

    railiner

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    Interesting...I dont suppose their jet aircraft engine division is a part of their transportation division?

    They mention marine products, so Im guessing that their marine gas turbines are included?

    Not sure from that press release...
     
  3. May 22, 2018 #3

    jis

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    No aircraft stuff has not been a part of Transportation at GE. The current GE Transportation BU is going to be divested pretty much in toto and merged into Wabtec. GE will own 51% of the merged company.
     
  4. May 22, 2018 #4

    Just-Thinking-51

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    So if you own 51% of the new company. Then you really have not sold off your railroad division. You just actually just made it larger. Seem that 51% ownership was not part of the headline of this divesting that cause the stock of GE to go up.
     
  5. May 22, 2018 #5

    jis

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    It was part of the financial disclosure. Hopefully people who buy and sell stocks do read financial statements. A man on the street who lives by headlines may not.
     
  6. May 22, 2018 #6

    keelhauled

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    My layman's understanding was that GE and GE shareholders would together own 51% of the new company, with Wabtec shareholders the balance, but no group would have a majority stake.

    Edit: for Wall Street Journal subscribers the article is here. Relevant quotes:

     
    Last edited by a moderator: May 22, 2018
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  7. May 22, 2018 #7

    jis

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    Your understanding is correct. I apologize for mis-stating.
     
    Last edited by a moderator: May 22, 2018

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