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Reports by Bloomberg of a potential sale of GE Transportation to Wabtec Corp. surfaced late Friday April 20, resulting in Wabtec shares gaining 4.5%. The potential transaction size is $6.8 billion, according to Bloomberg.

In an email, GE spokesman Tim Bader said, “We are evaluating a range of strategic options for our business, and do not comment on rumors or speculation.”
A spokesman for Wabtec said his company also had no comment.

“The Bloomberg report appears to suggest that GE Transportation’s valuation could be as high as $6.8 billion,” notes Cowen and Co. analyst Matt Elkott. “We believe this is too high, given what we see as Wabtec’s enviably strong position at the negotiating table. The company is still ironing out a few lingering transitory issues from its late-2016 acquisition of Faiveley, its largest ever ($1.74 billion). As such, it is in no hurry to embark on another big transaction unless it is extremely compelling.

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Ed Sand

General Idiot
There was also an article in the Wall St Journal (who has been very accurate in predicting GE moves) saying they were looking at an IPO spinoff since they couldn't find a buyer for GET. I think this Wabtec is a trial balloon to see how much interest there would be in Wabtec buying in, and what price. If Wabtec can get a good price and can clean house of GE management quickly, this would be a good acquisition. is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to - An online railroad bookstore featuring a curated selection of new and used railroad books. Railroad pictorials, railroad history, steam locomotives, passenger trains, modern railroading. Hundreds of titles available, most at discount prices! We also have a video and children's book section. - An online model railroad bookstore featuring a curated selection of new and used books. Layout design, track plans, scenery and structure building, wiring, DCC, Tinplate, Toy Trains, Price Guides and more.

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