It would be the biggest deal thus far to be inked by GE Chief Executive Officer John Flannery, who took over last August with a mandate to slash costs and boost the U.S. industrial conglomerate’s plummeting stock price. There is always a possibility that the deal talks, which centre on using a tax-efficient structure called a Reverse Morris Trust, could collapse at the last minute, the sources cautioned. GE and Wabtec did not immediately respond to requests for comment. …read more
Source:: Yahoo Finance
