A Note to All of You Lucky (?) GE Shareholders

As you may have noticed if you own GE stock, you now also own a few shares of Wabtec (WAB).  GE completed the previously announced spin-off of its Transportation business this week, which was then immediately merged with a wholly owned subsidiary of Wabtec.  You can see your new shares in your Ameritrade account.

This merger creates a Fortune 500 global transportation and logistics company by combining Wabtec’s range of freight, transit and electronics products with GE Transportation’s  equipment, services and digital solutions in the locomotive, mining, marine, stationary power and drilling industries. Wabtec has also been notified that it will now be included in the S&P 500 Index.  Read more about your new holding at https://www.wabteccorp.com/.

Potentially even more interesting is the announcement this week of GE’s imminent sale of its Life Sciences unit to Danaher for $21 Billion.  Danaher will also assume $400 million of GE’s pension liabilities, which is of great interest of many of us.  GE will still own GE Healthcare after this sale is complete. 

Read more here:  https://www.stockspinoffs.com/2019/02/25/the-incredible-shrinking-ge-turns-biopharma-into-danaher-cash/.

For those of you that have heeded our advice and not watched the GE stock price, the rebound over the last quarter has been very nice.  Hopefully that will continue.