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the transaction has no impact on the tax basis in GE shares'. Note that the in-product QWin 2019 Help for a taxable spin-off would have you enter a Misc Income for the dollar value of the spin-off and an Add rather then Buy for the new shares. If you hold certificates that you wish to transfer, please follow the steps below: Broadridge Corporate Issuer SolutionsP.O. The company merged with GE Transportation on February 25, 2019. Notification via fax to: (215) 553-5402; attention Lost Securities Dept. Both businesses are expected to benefit from the cyclical tailwinds they are experiencing as industry conditions improve. Current Value % Return 33.32%. All Rights Reserved. Second, it's worth noting that Wabtec is merging with GE Transportation at a cyclical low point. Answers to popular and relevant inquiries. Invest better with The Motley Fool. Additionally, a when issued market is expected to begin trading on or about February 14th. GE Reverse Stock Split Frequently Asked Questions. Wabtec manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 6,000 horsepower (4 MW). GE shareholders own about 24.3 percent of Wabtec on a fully diluted basis. Pittsburgh, PA 15212 - USA To view documents for private transactions, please log into the password-protected Website, Issuers Determination and Communication of traded on an established securities market Status and Issue Price of Newly Issued Debt, Notice to Holders of certain medium-term notes issued by Subsidiaries of the General Electric Company. Offering a suite of products to help unlock the full potential of additive manufacturing. The use of a first name is desirable. Fax: 412-825-1019. New and overhauled GE locomotives come laden with sensors monitoring between 50 and 250 parameters, including vibrations, engine temperature, voltage and pressure. Summary. Improve utilization and accelerate path to automation: The seamless combination of GE Transportations digital solutions and analytics systems with Wabtecs electronic systems and Positive Train Control (PTC) capabilities, is expected to improve safety, efficiency and productivity across the transportation industry and accelerate railroads path to advanced train automation. The company has roughly 18,000 employees and facilities located throughout the world. Wabtec does not undertake any obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. A surety bond is typically obtained by paying a premium to the surety company equal to 2% of the current value of the shares being replaced. Also, an audio replay of the call will be available by calling 412-317-0088 (passcode: 466#). I wrote to GE investor relations and received the below response, hope this is helpful, 'The inclusion of the per share dividend amount in income, which is GE shareholders own about 24.3 percent of Wabtec on a fully diluted basis. Wabtec shareholders own approximately 50.8% of Wabtec on a fully diluted basis and GE shareholders own approximately 24.3% of Wabtec on a fully diluted basis. Discover how our people & technology are solving global issues, improving lives, and changing industries. $1.1 billion of net tax benefit will accrue to the combined company. There was no explanation as to why this was done. Drive increased value for shareholders: Investors are expected to benefit from ownership of a stronger, more diverse business better positioned to perform through the cycle, with expanded margins, expected average double-digit EPS growth and synergies of about $250 million.