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Federal Court in Delaware Dismisses Antitrust Challenge to Wabtec-GE Transportation Merger

1. Court dismissed antitrust claims against Wabtec's merger with GE Transportation. 2. No harmful competition effects from merger were proven. 3. Wabtec will defend against remaining breach of contract claims. 4. Investor Relations VP expressed satisfaction with the ruling's affirmation. 5. Merger is viewed positively for industry stakeholders and Wabtec's future.

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Why Bullish?

The dismissal of antitrust claims positively reinforces Wabtec's strategic position post-merger, reminiscent of other mergers that saw stock price appreciation following favorable legal outcomes, such as AT&T's merger with Time Warner.

How important is it?

The article discusses a significant legal development impacting Wabtec's operational landscape, which has direct implications for investor confidence and related stock performance.

Why Short Term?

Given the immediate nature of the court ruling and its implications for investor sentiment, effects could manifest quickly over the next quarters as market perceptions adjust.

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- PITTSBURGH--(BUSINESS WIRE)--The United States District Court for the District of Delaware has dismissed all antitrust claims filed in a lawsuit challenging the merger between Wabtec (NYSE: WAB) and GE Transportation. The Court said no harmful effects on competition resulting from the merger had been shown and also dismissed remaining antitrust allegations. The Court did not grant Wabtec's motion to dismiss alleged breach of contract and other claims, which Wabtec intends to vigorously defend. Kyra Yates, Vice President of Investor Relations for Wabtec said: "We are pleased with the Court's ruling, which affirms the value and integrity of the Wabtec-GE Transportation merger for the industry and all its stakeholders." About Wabtec Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 155 years and has a vision to achieve a sustainable rail system in the U.S. and worldwide. Visit Wabtec’s website at: https://www.wabteccorp.com/. More News From Wabtec Corporation

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