U.S. Justice Dept sets divestiture condition for Wabtec-Faiveley deal
October 26, 2016 at 15:35 PM EDT
WASHINGTON, Oct 26 (Reuters) - The U.S. Justice Department said on Wednesday it will require Westinghouse Air Brake Technologies Corp to divest Faiveley Transport North America's entire U.S. freight car brakes business in order for Wabtec to proceed with its proposed $1.8 billion acquisition of Faiveley Transport S.A. and Faiveley Transport North America.