how many shares of wabtec will ge shareholders get

We were advised to turn to websites for further information. Capitalize on digital/electronic technologies to develop autonomous capabilities:Bringing together GE Transportations digital solutions with Wabtecs electronic systems is expected to drive the advancement and implementation of technology solutions to improve safety, efficiency and productivity for the transportation industry. It is based in Wilmerding, Pennsylvania. In short, GE needs cash, and many investors may have preferred a deal with a higher cash component rather than the one outlined above. Explore a timeline of GE technologies that have spurred transformation across the world. Accomplished leaders building GEs legacy. https://www.sec.gov/Archives/edgar/data/943452/000114036119001550/s002443x10_s4a.htm, https://www.quicken.com/support/how-do-i-record-corporate-spin-new-securities, https://www.sec.gov/Archives/edgar/data/40545/000119312518172907/d591170d8k.htm, https://globenewswire.com/news-release/2019/01/25/1705540/0/en/Wabtec-and-GE-Modify-Terms-of-Transaction-Expect-to-Close-By-End-of-February-2019.html, Div from GE @ $0.397239/GE share (0.005371 * 73.96), Buy (0.005371 * GE Share Quantity) shares of Wabtec for that whole dividend amount. That's the number of WABTEC shares you received. Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Ive had a series of email exchanges with the corporate actions team at Ameritrade. Deliver improved customer outcomes through expanded monitoring and services: Together, the combined company will have an expanded footprint of skilled technicians and repair shops that will result in a simpler customer interface and a more streamlined services experience. GE - WAB spinoff with cash for partial share Quicken We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. Certificates will not be issued for shares held in a plan. Effective immediately, Wabtec Chairman Albert J. Neupaver has been re-appointed executive chairman of the company, while Raymond T. Betler remains Wabtecs president and CEO. Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors. The company employs approximately 9,000 employees worldwide. The Motley Fool has a disclosure policy. Wabtec and GE Transportation will host a conference call today at 8:30 am Eastern to discuss the transaction. The respective NYSE tickers will be GE WI and WAB WI. I failed. Multiply the number of WABTEC shares received by $73.96. We were told we will retain the same number of GE share units, but that their value will change. Explore the latest stories, news, downloads, and press tools. What is the per share cost basis for the partial share? This information does not constitute tax advice. Thank you. Wabtec and GE shareholders will have ownership in a combined company with significantly expanded margins, a highly attractive growth profile based on an improved business mix, expanded global reach, and faster innovation in key growth areas. These instructions should provide the name, address and social security number for each transferee and should indicate the number of shares to be transferred. Fortunately for Buffett, he did not buy common shares of GE stock. Additionally, a when issued market is expected to begin trading on or about February 14th. Information regarding the directors and executive officers of GE is contained in GEs proxy statement for its 2018 annual meeting of stockholders, filed with the SEC on March 23, 2018, its Annual Report on Form 10-K for the year ended December 31, 2017, which was filed with the SEC on February 23, 2018, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018, which was filed with the SEC on May 1, 2018 and certain of its Current Reports filed on Form 8-K. Information regarding the directors and executive officers of Wabtec is contained in Wabtecs proxy statement for its 2018 annual meeting of stockholders, filed with the SEC on April 5, 2018, its Annual Report on Form 10-K for the year ended December 31, 2017, which was filed with the SEC on February 26, 2018, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 which was filed with the SEC on May 4, 2018 and certain of its Current Reports filed on Form 8-K. Confirm that Broadridge is the transfer agent - our namewill usually appear on your account statement. Sign up for our newsletter and stay up to date with whats happening in Investor news. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents GE, Wabtec and/or SpinCo may file with the SEC in connection with the proposed transaction. I still have not spoken to Schwab nor my Investment Advisor however I see that Schwab has changed the cost basis to $78.06 for buying Wabtec shares which is the Close on 2/25/19 (instead of the average of the high & Low for that day). New and overhauled GE locomotives come laden with sensors monitoring between 50 and 250 parameters, including vibrations, engine temperature, voltage and pressure. GE plans to sell . Combining GE Transportations constant monitoring of messages from 17,000 locomotives with monitoring of Wabtecs passenger and shunter locomotives can make for a smarter, more efficient and safer transportation system. Read GEs 2022 Proxy Statement, vote your shares and access the 2022 Annual Meeting. What do GE shareholders get for Wabtec? - Rattleinnaustin.com If the transaction is effected via an exchange offer, GE will also file with the SEC a Schedule TO with respect thereto. Overview of General Electric Capital Corporation merger with and into GE. The companys culture and experienced global workforce will leverage the common values of innovation, collaboration, inclusiveness, and Lean and continuous improvement, to help solve its customers toughest challenges. Our technology, global network, and exceptional team is fueled by a missionbuilding a world that works. Plus500. I give up! The inclusion of such statements should not be regarded as a representation that such plans, estimates or expectations will be achieved. Furthermore, the transaction will facilitate a tax step-up with an NPV of approximately $1.1 billion of net tax benefit accruing to the combined company. Receives 9.9% of shares in new Wabtec and $2.9 billion in cash. As it stands, GE expects $6 billion to $7 billion in industrial FCF in 2018, which is intended to fund a $4.2 billion dividend payment. The exchange ratio for the combined Spin-off/merger transaction is 0.005371, meaning participating GE shareholders will receive 0.005371 shares of Wabtec common stock for each outstanding share of GE common stock held. I have read everything here and see that $73.96 per share is used to record the buying of the Wabtec shares and that is the closing price on Feb 26, 2019. Lee Samaha has no position in any of the stocks mentioned. If the stock issuer supports these stock options, you may deposit your certificated share(s) into the DRS Book Entry form or Plan form in order to sell through Broadridge. Together with our customers, were proving that no one is ever limited to only affordable, reliable, or sustainable energy.

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