GE Sells Stake In Wabtec As Former GE Exec Named Wabtec CEO, Labor Concerns In Erie Persist | Value Investing News

GE Sells Stake In Wabtec As Former GE Exec Named Wabtec CEO, Labor Concerns In Erie Persist

  • Months after the spinoff of its transportation unit and its subsequent merger with Wabtec(WAB), GE(GE) has sold 25.2 million shares of Wabtec stock in a public offering at $73.50 per share.
  • The offering had originally been set at 12.5 million to 14.375 million shares but was quickly upsized, presumably due to robust interest.
  • GE continues to own around… Read More »
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