To view a copy of the presentation that will be discussed during the call, click on the Press Releases tab under About Us and click on the press release titled Wabtec and GE Transportation to Merge. The presentation will be included at the end of the press release on the website. Every state has this law, often referred to as Unclaimed Property. Disclosure: Author holds no position in any stock mentioned. Original Value. Note that sales are subject to a fee of $10 per transaction plus $0.15 per share sold. For important information about securities laws and forward-looking statements involving this transaction, please click here. Here's the step by step, (having eliminated everything that was downloaded to you): Do you know why I would receive .395 shares on 3/1/19 after receiving 18 on 2/25/19? Notification via fax to: (215) 553-5402; attention Lost Securities Dept. If you keep your stock with your broker in a broker account, you are a "street name" holder and are not directly registered on the company's records as maintained by the transfer agent. In completion of the sale of Shareowner Services on February 1, 2018, its business and operations, the transfer agent appointment has been transferred to Equiniti Trust Company (EQ). The strategic combination of complementary portfolios is expected to: Create a leading equipment, aftermarket services and digital solutions provider across the transportation sector: The company can accelerate lifecycle solutions for the transportation industry and unlock significant productivity for customers by improving interoperability, efficiency and competitiveness. Investors will be required to go to the state to reacquire them, but if the state has sold their shares, they will have lost all dividends and any increase in value. Press ESC to cancel. Wabtec will now have 50.8%, up 0.9%. How do I transfer my stock and retain as registered shares? I expect 25 shares of the Wabtec stock based on my shares of GE, but I dont know when I will get them and how will they come to me. We connect capital to infrastructure and deliver innovative financial solutions that help make the world work better. A replay will also be available at the same link after the event. If not, it would represent a missed opportunity to possibly bring in some more much-needed cash. Box 1342Brentwood, NY 11717. The respective NYSE tickers will be GE WI and WAB WI. There are several custodial registrations possible. To listen via webcast, go to the existing Wabtec website at www.wabtec.com and click on Webcasts in the Investor Relations section. 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. If you hold certificates that you wish to transfer, please follow the steps below: Broadridge Corporate Issuer SolutionsP.O. The company has roughly 18,000 employees and facilities located throughout the world. This combination will create a compelling offering to meet the industry's rapidly growing demand for rail performance, with the potential to unlock billions in annual savings across freight rail for customers and operators. Please use another web browser to access this website. What is the tax basis for the WAB shares received by GE holders? Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Current Shares. GE will designate for nomination three independent Board members. Wabtec and GE Transportation will be combined in a transaction in which GE will (i) sell a portion of the assets of GE Transportation to Wabtec; (ii) complete the spin-off or split-off of a portion of GE Transportation to GE shareholders; and (iii) immediately thereafter merge GE Transportation with a wholly owned subsidiary of Wabtec. At GE, we rise to the challenge of building a world that works. 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. Learn how were delivering on our priorities. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. In connection with the proposed transaction between GE and Wabtec, Transportation Systems Holdings Inc., a wholly owned subsidiary of GE created for the transaction (SpinCo), will file with the SEC a registration statement on Form S-4/S-1 containing a prospectus or a registration statement on Form 10 and Wabtec will file with the SEC a registration statement on Form S-4 that will include a combined proxy statement/prospectus. Shares have done quite well, resulting in higher earnings multiples awarded to the business, with the valuation getting quite full here. 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. If you wish to move your shares from registered to beneficial ownership, Broadridge or your broker will help you do so. Instead, he bought preferred shares, which paid an annual dividend yield of 10%. Note that all shares held in a plan will be in DRS (book-entry) form. Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. 30 Isabella Street lucrative business of locomotive upgrades. Also, an audio replay of the call will be available by calling 412-317-0088 (passcode: 466#). The date of record for the transaction is February 14th andGE shareholders as of that date will receive ~0.005403 shares of Wabtec for each GE common share owned. Were continuing to do all we can to support our customers and employees during this unprecedented time. Buy the number of shares of WABTEC per step 1 at a per share price of $73.96. According to the earlier terms, General Electric's shareholders were to get 40.2% with 9.9% going to GE. December 10, 2021The Board of Directors of GE (NYSE: GE) today declared a $0.08 per share dividend on the outstanding common stock of the Company. GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. Based on the number of shares of GE and Wabtec common stock outstanding on Dec. 31, GE shareholders are also expected to get about 0.005403 of a share of Wabtec common stock for each share of GE . Wabtec Corporation. Let's start by breaking out who will own what after the merger. $1.1 billion of net tax benefit will accrue to the combined company. Wabtec expects to benefit from the cyclical tailwinds the industry saw in 2018, including volume growth of 38 million carloads and intermodal units. Multiply your number of GE shares on 2/25/19 by 0.005371. Sell the fractional share by the per share selling price determined by Step 5. This website no longer supports the Internet Explorer web browser. Drive increased value for shareholders: With approximately $8 billion in combined revenues and a large global installed base, the combined company will have a leading position in key freight rail and transit geographies worldwide, and will be well-positioned to serve customers as industry demand continues to improve. Creating the energy technologies of the future and improving the power networks that we depend on today. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. 773.297.0482, Rich Stimel, Wabtecrstimel [at] wabtec [dot] com Your corporation you own stock in may also support a stock sale plan. Example: Mary Smith & Barbara Smith Jt Ten, This registration allows an appropriate portion of the shares to pass to the estate of the holder upon the holder's death rather than to the surviving tenant. GE shareholders will directly own approximately 24.3% of Wabtec on a fully diluted basis and GE will own common stock and non-voting convertible preferred stock which together represent approximately a 24.9 percent economic interest in Wabtec on a fully diluted basis, up from the 9.9 percent stake that GE would have owned under the originally . Contact information for general inquiries and feedback. Summary. Both companies are expected to benefit from the cyclical tailwinds they are experiencing as industry conditions improve. Registered shareholders receive dividends, proxies and other communications directly from the corporation via the transfer agent or the corporation directly. If you want to sell your shares of GE stock, please contact GEs current transfer agent, Equiniti Trust Company (EQ). Why Shares in General Electric Crushed the Market in March, Why Shares in General Electric Beat the Market Today. I couldnt find it on the web. IMPORTANT: You must be able to provide the name of the security, the certificate number(s), the name of the registered owner(s), and the number of shares in all communications. We recommend that all certificates be sent by registered mail, return receipt requested. Lee Samaha has no position in any of the stocks mentioned. Example: Mary Smith & Barbara Smith Ten Com. The transaction is expected to close in early 2019, subject to customary closing conditions, approval by Wabtec shareholders, and regulatory approvals. Wabtec does not undertake any obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. 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. That's your selling price. GE Transportation Please select the GE business(es) of most interest to you: GE's Investor Relations website at www.ge.com/investor-relations and our corporate blog at ge.com/reports as well as GE's social media accounts, contain a significant amount of information about GE, including financial and other information for investors. Multiply the number of WABTEC shares received by $73.96. The recent restructuring of the deal provides GE with more cash, but it also left GE as the minority owner of the combined entity. Wabtec manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 6,000 horsepower (4 MW).