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Comment: Wabtec, Faiveley deal slows amid jitters about lost innovation

By Dafydd Nelson ( May 13, 2016, 16:00 GMT | Comment) -- Wabtec’s plan to buy rival railroad-equipment maker Faiveley has run into serious trouble. Two weeks ago, the buyer was still predicting that the deal would close by mid-year. But now the companies must overcome rising regulatory concerns that the merger would harm innovation and reduce the number of train-equipment makers in the EU and US to two, from three.Just two weeks ago, Wabtec’s chief executive sounded sanguine about the regulatory approvals he needed to buy Faiveley Transport, a rival railroad-equipment maker....

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