After that, the SpinCo and Wabtec merged. GE received approximately $2.9 billion in cash and shares of Wabtec common stock and Wabtec non-voting convertible preferred stock. GE’s ownership in Wabtec is approximately 24.9 percent.
After that, the SpinCo and Wabtec merged. GE received approximately $2.9 billion in cash and shares of Wabtec common stock and Wabtec non-voting convertible preferred stock. GE’s ownership in Wabtec is approximately 24.9 percent.