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Report: GE in talks to sell rail business to Wabtec

(Source: Progressive Railroading, April 23, 2018)

General Electric Co. is in talks to sell its locomotive business to rail equipment manufacturer Wabtec Corp., Bloomberg reported late last week. GE is considering combining the GE Transportation business with Wabtec, which has a market valuation of $8 billion, Bloomberg reported citing people familiar with the matter. Bloomberg did not identify the individuals because the talks are private.

Full story: Progressive Railroading

Tuesday, April 24, 2018

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