WILMERDING, Pa., May 1 (Korea Bizwire) — Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the pricing of an underwritten secondary offering of 22,000,000 shares of Wabtec common stock at a public offering price of $73.50 by General Electric Company (“GE”), as the sole selling stockholder. The offering is expected to close on or about May [...]
WILMERDING, Pa., Apr. 30 (Korea Bizwire) — Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the launch of an underwritten secondary offering of 12,500,000 shares of Wabtec common stock by General Electric Company (“GE”), as the sole selling stockholder. The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional [...]
WILMERDING, Pa., Apr. 25 (Korea Bizwire) — Wabtec Corporation (NYSE: WAB) today announced Rafael Santana will become president and CEO of the company, effective July 1, 2019. Santana, who will also become a Wabtec board member, will succeed Ray Betler, who will retire as a Wabtec executive and board member. Santana, 47, joined Wabtec earlier [...]
WILMERDING, Pa. and CHICAGO, May 21 (Korea Bizwire) — Wabtec Corporation (NYSE:WAB) has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric Company (NYSE:GE). The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 countries. Under [...]