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For GE shareholders who received shares of Wabtec stock as part of the Wabtec- GET Merger, the cost basis in the Wabtec stock received is $78.06 per share, which was the closing price per share on February 25, 2019. The GE’s website under the investors tab doesn’t have any mention of spinoff of the transportation business to WAB.Additionally, a when issued market is expected to begin trading on or about February 14th. KAWill. About GE. Hope this helps.Disclosure: Author holds no position in any stock mentioned.I failed. This topic has 4 replies, 3 voices, and was last updated 1 month, 3 weeks ago by KAWill. GE shareholders will see small amounts of Wabtec in their portfolios. I couldn’t find it on the web. Are they held somewhere or will I get actual stock certificates mailed to me?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(WAB) was excited to announce this that it had completed its merger with GE Transportation, immediately following GE Transportation’s spinoff from GE(GE). GE (NYSE:GE) drives the world forward by tackling its biggest challenges. Participant. If you hold your shares in a brokerage account, the new shares will show up there. Wabtec shareholders own approximately 50.8% of Wabtec on a fully diluted basis and GE shareholders own approximately 24.3% of Wabtec on a fully diluted basis.

The respective NYSE tickers will be ‘GE WI’ and ‘WAB WI’.Can all this be explained in normal peoples language. There was no explanation as to why this was done. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGE said on Monday it would distribute 8.7 billion shares to shareholders on Feb. 14.
I am certainly no expert in how index membership decisions are made, but it’s worth watching.

For each share of GE stock owned, shareholders received 0.005371 shares of Wabtec stock,… I believe the answer is that the entire value of the distribution is taxed now, that that value becomes the tax basis of the Wabtec shares, and that your GE tax basis is reduced by that amount.Normally a corporation will have documentation on their website with a basic formulas to calculate the subsequent tax basis. Your broker can help you buy or sell shares of Wabtec stock or answer questions about your investment.Beneficial shareholders would need to contact their broker.In February 2019, Wabtec and GE Transportation merged. Learn about governance at GE, including the latest Proxy Statement and information about the GE Board of Directors.Access the latest press releases, media contacts, and press tools.Our technology, global network, and exceptional team is fueled by a mission—building a world that works.Access important shareholder information.Get in touch and stay informed.Together with our customers, we’re proving that no one is ever limited to only affordable, reliable, or sustainable energy.Offering a suite of products to help unlock the full potential of additive manufacturing.GE's innovation engine where ideas become reality to create a better world and deliver differentiated tech across the company's industrial portfolio.Voices is a network for GE’s US supporters interested in the company’s impact in their communities and in issues that impact the company.At GE, we rise to the challenge of building a world that works. 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. GE also received approximately $2.9 billion in cash at closing. Based on the number of shares of GE and Wabtec common stock outstanding on Dec. 31, GE … That means a shareholder with 10,000 GE shares will walk away with only 54 shares of WAB along with a little cash. I’d be interested if anyone has looked into the GE Wabtec spinoff. 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. You should consult your own tax, legal and accounting advisors before engaging in any transaction.Direct shareholders can contact our transfer agent, EQ Shareowner Services, to have questions answered or to make account updates. This will offer shareholders a chance to sell their GE shares but retain their Wabtec interests or alternatively sell their Wabtec interest and retain their GE shares. GE (GE) is set to close the restructured merger agreement for its transportation business with Wabtec (WAB) on February 25th. Everything looks OK entering the Spinoff transaction in QWin 2019, producing the same number of GE shares as I originally held but at a reduced cost basis, plus XX.70599 share of Wabtec. 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.As of this writing, there have been no discussion of index changes related to this transaction.