Wabtec and GE Transportation to Merge
Today Wabtec announced that it has entered into a definitive agreement to combine with GE Transportation. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 countries.
Under the agreement, which has been approved by the Boards of Directors of Wabtec and GE, GE will receive $2.9 billion in cash at closing and GE and its shareholders will receive a 50.1% ownership interest in the combined company, with Wabtec shareholders retaining 49.9% of the combined company.

Zuckerberg Faces More Lawmakers -- Today, Facebook CEO Mark Zuckerberg will be in Brussels answering questions relating to the Facebook data scandal that we talked about above. Questions are expected to be along the same lines that U.S. lawmakers asked in their April hearing. For those interested, the once thought to be private meeting is now set to be live streamed.


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