how many shares of wabtec will ge shareholders get

Your corporation you own stock in may also support a stock sale plan. The combined company, which is expected to have revenues of more than $8 billion in 2019, has approximately 27,000 employees in 50 countries. The Uniform Commercial Code (UCC) entitles transfer agents and corporate issuers to receive signature guarantees to protect them against fraudulent and unauthorized transfers. Create a leading equipment, aftermarket services, and digital solutions provider across the transportation ecosystem: From factory to final destination and every point in-between the combined company will have the capabilities to accelerate lifecycle solutions for the transportation industry and unlock significant productivity for customers by improving interoperability, efficiency, and competitiveness. For example: Mary Smith Cust Don Smith NY Unif Trans Min Act. Should one of the parties die, ownership of the shares passes to the surviving tenant(s). Effective immediately, Wabtec Chairman Albert J. Neupaver has been re-appointed executive chairman of the company, while Raymond T. Betler remains Wabtecs president and CEO. Our technology, global network, and exceptional team is fueled by a missionbuilding a world that works. Any forward-looking statements speak only as of the date of this communication. What are the more common types of security registrations? What are the 12 general lab safety rules. Wabtec has approximately 27,000 employees in facilities throughout the world. Meanwhile, the structure of the deal is a nice way to return capital to GE shareholders. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) that one or more closing conditions to the transaction, including certain regulatory approvals, may not be satisfied or waived, on a timely basis or otherwise, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the proposed transaction, may require conditions, limitations or restrictions in connection with such approvals or that the required approval by the stockholders of Wabtec may not be obtained; (2) the risk that the proposed transaction may not be completed on the terms or in the time frame expected by GE or Wabtec, or at all; (3) unexpected costs, charges or expenses resulting from the proposed transaction; (4) uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; (5) failure to realize the anticipated benefits of the proposed transaction, including as a result of delay in completing the proposed transaction or integrating the businesses of GE, Wabtec and SpinCo; (6) the ability of the combined company to implement its business strategy; (7) difficulties and delays in achieving revenue and cost synergies of the combined company; (8) inability to retain and hire key personnel; (9) the occurrence of any event that could give rise to termination of the proposed transaction; (10) the risk that stockholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (11) evolving legal, regulatory and tax regimes; (12) changes in general economic and/or industry specific conditions; (13) actions by third parties, including government agencies; and (14) other risk factors as detailed from time to time in GEs and Wabtecs reports filed with the SEC, including GEs and Wabtecs annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. Access important shareholder information. Wabtec reported a strong Q1, also forecasting robust growth for the year with record backlog. Were continuing to do all we can to support our customers and employees during this unprecedented time. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) unexpected costs, charges or expenses resulting from the transaction; (2) uncertainty of the expected financial performance of the combined company following completion of the transaction; (3) failure to realize the anticipated benefits of the transaction, including as a result of integrating GE Transportation into Wabtec; (4) the ability of the combined company to implement its business strategy; (5) difficulties and delays in achieving revenue and cost synergies of the combined company; (6) inability to retain and hire key personnel; (7) the risk that shareholder litigation in connection with the transaction or other settlements or investigations may result in significant costs of defense, indemnification and liability; (8) evolving legal, regulatory and tax regimes; (9) changes in general economic and/or industry specific conditions, including the impacts of tax and tariff programs, industry consolidation, and changes in the financial condition or operating strategies of our customers; (10) changes in the expected timing of projects; (11) a decrease in freight or passenger rail traffic; (12) an increase in manufacturing costs; (13) actions by third parties, including government agencies; and (14) other risk factors as detailed from time to time in Wabtecs reports filed with the SEC, including Wabtecs annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. It's one of the oldest and most widely used money market instruments in the U.S. and in markets around the world. GEs transfer agent, EQ Shareowner Services, sponsors and administers a Shareowner Services Plus Plan that provides methods of purchasing, holding and selling shares in GE stock. What do GE shareholders get for Wabtec? WAB ranks lowest in Sentiment; there it ranks in the 29th percentile. Include any additional instructions indicating how you wish the shares to be transferred. To sell shares that are held in a plan, please refer to the FAQ section on "Stock and Dividend Plans. 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. Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Tim WesleyTwesley [at] Wabtec [dot] comclass="spamspan" An overhaul can lower the amount of fuel the locomotives need by 10 percent, increase reliability by 40 percent and boost their ability to haul cargo by 50 percent. If you do not have this information, you should call our Lost Securities Department at the 800 number on this site. If not, it would represent a missed opportunity to possibly bring in some more much-needed cash. Equiniti Trust Company Phone: 1-800-786-2543 (toll free) or 1-651-450-4064 Website: Shareowneronline.com Regular Mail Delivery: EQ Shareowner Services P.O. Proactive performance monitoring can also be improved by integrating Wabtec products within locomotive control systems and by leveraging GE Transportations expansive remote monitoring and diagnostics systems. Although this figure is lower than the 5% many analysts assume for mergers, there are a couple of things to consider that suggest Wabtec is onto a good thing. basis of Wabtec shares going forward. Explore GEs recent and historic SEC filings. In a sense, GE is covering its 2018 dividend by borrowing money and relying on asset sales. Read the latest GE financial news releases and stories. It is suggested that the shipment be insured for 2% of the current value of the shares. Valerie Clark 10/25/2022 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. If you hold certificates that you wish to transfer, please follow the steps below: Broadridge Corporate Issuer SolutionsP.O. WILMERDING, PA, (Feb. 25, 2019) Wabtec Corporation (NYSE: WAB) announced today it has completed its merger with GE Transportation, a former business unit of GE (NYSE: GE). If the transaction is effected via an exchange offer, GE will also file with the SEC a Schedule TO with respect thereto. For the fiscal year ending December 31, 2017, GE Transportation generated approximately $3.9 billion in revenue and $701 million in adjusted EBIT (approximately 18% margin). Furthermore, the transaction will facilitate a tax step-up with an NPV of approximately $1.1 billion of net tax benefit accruing to the combined company. Example: Mary Smith is preferred instead of M Smith. Betler said: Wabtec and GE Transportation are global industry leaders and we believe that together we have a unique opportunity to drive tremendous growth in 2019 and beyond as the industry continues to improve. The foregoing list of important factors is not exclusive. Learn how were delivering on our priorities. A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. Drive increased value for shareholders: Investors are expected to benefit from ownership of a stronger, more diverse business better positioned to perform through the cycle, with expanded margins, expected average double-digit EPS growth and synergies of about $250 million. Specifically, GE Transportation will be first distributed to GE shareholders in a "tax-free spin- or split-off; then immediately merged with Wabtec," according to the deal presentation. 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. Sell the fractional share by the per share selling price determined by Step 5. Creating the energy technologies of the future and improving the power networks that we depend on today. Commercializing GEs technology and IP to accelerate growth and achieve market differentiation. The dividend calendar shows you for more than 1,000 dividend stocks in which month which company distributes its dividends. When adjusted for the net tax step-up value of $1.1 billion accruing to the combined company, the transaction value is $10 billion. I don't know exactly what they are saying, but I think this has to be entered as a dividend (non-stock?). Box 64854 The company also builds new switchers locomotives used to move cars around in railyards and commuter locomotives. The costs associated with DSPPs may be higher or lower than the costs of using a broker. Deia Campanellideia [dot] campanelli [at] wabtec [dot] comclass="spamspan" Joint Tenants with Rights of Survivorship, This registration is used when two or more individuals have equal claim to the shares. Include any additional instructions indicating how you wish the shares to be transferred. In the event of loss, a surety bond of 2% will be required to replace the certificates. Wabtec shares rose 4.3 percent to $99.28. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. ADDITIONAL INFORMATION AND WHERE TO FIND IT. Our two companies have more than 250 years of rail industry heritage, and our shared focus on safety, reliability, quality, and customer relationships will enable a smooth integration., Santana said: The combination of our two strong brands and remarkable people is an excellent fit that will create an organization well-positioned to accelerate the future of transportation. On July 12, 2017, Wells Fargo Bank N.A. Transfer shares to your broker via the transfer process (see FAQ "Ownership Questions"). To exchange your physical GE share certificates for a statement of holdings in book-entry form, please contact GE's transfer agent, Equiniti Trust Company, to begin the process. An audio webcast of the investor call can be accessed at https://engage.vevent.com/rt/kekstandcompanyao~1688628. GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio. I am certainly no expert in how index membership decisions are made, but its worth watching. 2023 Wabtec Corporation. GE also received approximately $2.9 billion in cash at closing. the transaction has no impact on the tax basis in GE shares'. GENERAL ELECTRICs dividend is lower than the US industry average of 1.84%, and it is lower than the US market average of 3.4%. Notice to holders of General Electric Company Series D preferred stock. Wabtec will host a call with analysts and investors at 8:30 a.m., ET today to discuss its 2018 results and 2019 guidance, and the merger. Wabtec expects to benefit from the cyclical tailwinds the industry saw in 2018, including volume growth of 38 million carloads and intermodal units. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted. For example: Mary Jones Tr U/A dtd 4/15/98 The Mary Jones Trust FBO Mary Jones. Make the selection by filling out the form on your account statement and returning it to Broadridge. Additionally, a when issued market is expected to begin trading on or about February 14th. Learn more about our culture, businesses, and life at GE. Otherwise, if your shares are not part of such plans, you must take your certificate(s) to a securities broker to sell the shares. Tune in or catch up on GEs latest investor events and reports. Securities held in a brokerage account, and registered in the name of the broker or other institution, are referred to as being in "street name" or "beneficial shares." A culture of integrity, compliance, safety, and respect for human rights, while reducing our environmental footprint. Effective December 2, 2015, General Electric Capital Corporation (GECC) merged with and into GE (the "Merger") to assure compliance with debt covenants as GECC exits the assets planned for disposition. Every U.S. state puts an obligation on shareholders to remain active or their shares will be considered lost. In some cases additional documents will be required to complete the transfer. Thanks for the information. With best-in-class manufacturing facilities, unmatched digital expertise, always-on global services delivery, and unrivaled product breadth and performance, Wabtec is the rail industrys one-stop shop. Both companies are expected to benefit from the cyclical tailwinds they are experiencing as industry conditions improve. Im not sure Ameritrade is handling the action correctly. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. I failed. Microsoft is retiring and will no longer support Internet Explorer. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS. The 2019 EBITDA multiple range including synergies and tax benefits is approximately 9x, and the 2019 EBITDA multiple range excluding synergies and tax benefits is approximately 11.75x. If you have not established an online account, you may follow the online instructions or contact us via the 800 number on your account statement or this site. This information does not constitute tax advice. Investors are expected to benefit through ownership of a stronger, more diverse business better positioned to perform through the cycle, with expected annual double-digit EPS growth and total run-rate synergies of about $250 million estimated to be achieved by 2022. When does Wabtec pay dividends? GE announced today that it has completed the spinoff and merger of its Transportation business with Wabtec Corporation. Voices is a network for GEs US supporters interested in the companys impact in their communities and in issues that impact the company. Wabtec and GE Transportation will host a conference call today at 8:30 am Eastern to discuss the transaction. There are several custodial registrations possible. Access GEs recent and historic Annual Reports and accompanying materials. Small shareholders will likely receive just cash in lieu of fractional shares and the odd exchange ratio could create orphaned positions and a period of forced selling. Must they be reminded that we are retirees of a manufacturing company so most of us do not have the computer skills to educate ourselves further on this matter via the internet. 2023 Broadridge Financial Solutions, Inc. At GE, we are committed to building a more diverse workforce and a more inclusive workplace. A custodial registration requires the names of the custodian and the beneficial owner. Read GEs 2022 Proxy Statement, vote your shares and access the 2022 Annual Meeting. Explore a timeline of GE technologies that have spurred transformation across the world. If you hold shares in DRS Book-Entry (no certificate), please follow the steps below: How do I transfer registered shares to beneficial or street shares via my broker? 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. The 23 analysts offering price forecasts for Wabtec have a median target . I still have not spoken to Schwab nor my Investment Advisor however I see that Schwab has changed the cost basis to $78.06 for buying Wabtec shares which is the Close on 2/25/19 (instead of the average of the high & Low for that day). Discover how our people & technology are solving global issues, improving lives, and changing industries. 773.297.0482, Wabtec Investor Contacts This merger establishes Wabtec as a Fortune 500, global transportation and logistics leader by combining Wabtecs broad range of freight, transit and electronics products with GE Transportations best-in-class equipment, services and digital solutions in the locomotive, mining, marine, stationary power and drilling industries. Today, we meet the total lifecycle needs of the entire fleet, from new locomotives to modernizations, service, and repairs, adding value at every touchpoint to help customers realize the most value from their investment. The company merged with GE Transportation on February 25, 2019. Please see attached notice for additional details. Explore the latest stories, news, downloads, and press tools. By embracing diverse teams and perspectives, we are better equipped to build a world that works. Answers to popular and relevant inquiries. Please use another web browser to access this website. As a result, the merger is no longer structured as a Reverse Morris Trust and instead will be taxable to GE shareholders. The company employs approximately 9,000 employees worldwide. Company mailings, including dividends, will reach you through your broker. On 2/25/19 GE spun off its transportation business to Wabtec, producing .005371 share of Wabtec for each share of GE. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. A custodial registration for a minor is a common form of this registration type. This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements regarding the acquisition by Wabtec of GE Transportation (the transaction) and statements regarding Wabtecs expectations about future sales and earnings. So far I still have 18.395 shares in my Vanguard brokerage account. Mail your certificates to Broadridge at the address below with a completed Legal Transfer Form which can be downloaded at the right: The Legal Transfer Form must be appropriately signed by all registered holders, exactly as the name(s) appear on the face of the certificate(s) or must be accompanied by a stock power bearing the appropriate signature(s). Learn how were delivering on our priorities. Image source: Getty Images. Moreover, under the modified structure Wabtec will issue 3.3 million fewer shares than . Return calculations do not include reinvested cash dividends. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.

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