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General Electric (GE) shareholders are in for a change as the company has announced a stock split with its transportation business, Wabtec (WAB). This decision was made official in an SEC filing on January 14, 2019.

According to the filing, for every 110.2 shares of GE stock that shareholders hold, they will receive 1 share of Wabtec. This move indicates a clear shift in the company’s focus and structure.

This development is significant for investors as it signals a diversification of GE’s business portfolio and could potentially enhance shareholder value in the long term. Shareholders should keep a close eye on how this stock split unfolds and consider its implications for their investment strategies.

Stay tuned for more updates on this story as it continues to develop.