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Wabtec Set to Join S&P 500 and The Goodyear Tire & Rubber to Join S&P MidCap 400

NEW YORK, February 21, 2019: S&P MidCap 400 constituent Wabtec Corp. (NYSE: WAB) will replace The Goodyear Tire & Rubber Co. (NASD: GT) in the S&P 500, and The Goodyear Tire & Rubber will replace Wabtec in the S&P MidCap 400 effective prior to the open of trading on Wednesday February 27.

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Wabtec’s Coming Merger With GE Unit Will Create a Rail-Equipment Powerhouse

Last May, Wabtec, a railroad-equipment maker that specializes in passenger trains, said it was merging with GE Transportation, a dominant player in freight trains.

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Wabtec-GE deal could put advanced automated train technology on fast track

Wabtec Corp. executives were in the midst of poring over data on financial records, customer base and research efforts — weighing whether an $11 billion mega-deal with General Electric’s locomotive business made sense — when they had an eye-widening moment.  

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