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Non-Tech : General Electric (GE)
GE 305.33+0.1%3:59 PM EST
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To: SirWalterRalegh who wrote (3048)3/5/2019 11:50:09 AM
From: Fintas1 Recommendation

Recommended By
toccodolce

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Surprised? Well if you are an informed investor you are aware of the details. If you are a day trader you would not be paying attention.

Here's something to consider. If you own GE pull up a chart of WAB to determine the near term and long term.

Fintas

"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. Stated another way, for each approximately 186 shares of GE common stock held, a GE shareholder will receive one share of Wabtec common stock.

In the transaction, GE received approximately $2.9 billion in cash as well as shares of Wabtec common stock and Wabtec non-voting convertible preferred stock that, together, represent an approximately 24.9% ownership interest in Wabtec. "
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