Wabtec Rises on Acquisition

No earnings reports today for our Buy List but shares of Wabtec (WAB) have been up as much as 8.7% this morning. The company is buying Faiveley Transport SA, a French company for $1.8 billion.

The transaction includes cash and stock and the assumption of Faiveley debt, Wabtec said Monday in a statement. Wilmerding, Pennsylvania-based Wabtec traces its roots to Westinghouse Air Brake, which was founded in 1869.

Posted by on July 27th, 2015 at 10:01 am


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