Are they held somewhere or will I get actual stock certificates mailed to me?The date of record for the transaction is February 14th and GE shareholders as of that date will receive ~0.005403 shares of Wabtec for each GE common share owned. The cash paid out actually represents a capital loss of $0.84 based on my original cost basis in GE. It is based in Wilmerding, Pennsylvania.Discover how our people & technology are solving global issues, improving lives, and changing industries.Wabtec is a global provider of equipment and systems services for transit and freight rail. GE shareholders will see small amounts of Wabtec in their portfolios. There was no explanation as to why this was done. If you're an indirect shareholder, please contact your broker with questions about your investment.In February 2019, Wabtec and GE Transportation merged. I couldn’t find it on the web.I expect 25 shares of the Wabtec stock based on my shares of GE, but I don’t know when I will get them and how will they come to me. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. A set of GE algorithms then crunches the information and flags potential problems to operators working at several mission-control-like centers located around the world.We’re continuing to do all we can to support our customers and employees during this unprecedented time. We were advised to turn to websites for further information. Wabtec shareholders own approximately 50.8% of Wabtec on a fully diluted basis and GE shareholders own approximately 24.3% of Wabtec on a fully diluted basis.
My recent sale of Wabtec shows a small capital gain based on the stock price increase since the date of the spinoff. What is the tax basis for the WAB shares received by GE holders? ONEK Dividend Reclassifications
GE announced today that it has completed the spinoff and merger of its Transportation business with Wabtec Corporation.
Our teams have made significant progress in integration planning, and this process has only strengthened our confidence in the value creation potential of the combination. The company’s 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. GE … It shows that I had 0.1562 fractional shares and the cost basis was $78.06 per share.
In addition, instead of receiving a fractional share of Wabtec, you may have received a check instead.Wabtec shares are traded on the New York Stock Exchange under the symbol "WAB." GE Divestiture of WAB, .005371 WAB/GE, GE dividend for $78.06 times number of WAB shares, then purchase of number of WAB shares, 2/26/2019. As a result, the 25th will also be the distribution date for GE’s transportation business spin off which will be immediately merged into Wabtec. The end result will be a more vertically integrated freight car business that is… Read More » The General Electric and Wabtec Merger: What It Means to Investors The details behind the deal suggest it's good news for GE shareholders -- it but won't convince the bears watching the stock. The CUSIP number is 929740108.Wabtec holds a conference call with investors the day of the earnings release. KAR spinoff of IAA, 6/28/2019, 1 IAA/KAR, 39.197% remaining basis. The final ratio is a bit lower than what had been estimated. Wabtec brings to market a robust installed base of more than 23,000 locomotives globally, an expanded global reach, a strong mix of products and services, as well as enhanced capabilities to drive innovation faster in key growth areas. GE owns common stock and non-voting convertible preferred stock, which together represent approximately a 24.9% economic interest in Wabtec on a fully diluted basis.
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