GE nears deal to merge transportation unit with Wabtec, may value combined company at $20 billion, sources tell Reuters

GE nears deal to merge transportation unit with Wabtec, may value combined company at $20 billion, sources tell Reuters

General Electric is nearing a deal to merge its transportation business, which manufactures train engines, with Wabtec, a U.S. maker of equipment for the rail industry, two people familiar with the matter said on Sunday. A deal that could value the combined company at more than $20 billion could be announced as early as this week, the sources said, asking not to be identified because the negotiations are confidential. It would be the biggest deal…

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