GE and Wabtec Amend Deal Terms; Merger Expected to Close in About One Month
In a Form 425 filing filed with the SEC on Jan. 25, GE and Wabtec announced amended deal terms to the GE Transportation-Wabtec merger expected to close at the end of February. After valuing the various puts and takes of the deal in our model, we slightly reduce our fair value estimate to $13.80 from $13.90. Based on Wabtec's Jan. 24 closing price of $71.03, we reduce our assumed combined Wabtec-GE Transportation equity value, but that’s offset by a slightly higher amount of cash we assume will c...General Electric is a technology industrial company. The company's segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which engineers and manufactures energy equipment and projects, grid solutions and digital services; Aviation, which designs and produces commercial and military aircraft engines, digital components, electric power and mechanical aircraft systems; Healthcare, which provides healthcare technologies; and Capital, which provides financial products and services that build on the company's industry capabilities in aviation, power, renewables, healthcare and other activities.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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