RE:RE:🚂🚂🚂Bombardier and Alstom Sign Definitive Agreement🚂🚂🚂Great news! Even though I though they should have kept some share of BT, obvoiusly the situation is not as good as I had hoped, thanks to COVID mostly.
The press release didn't address certain issues (obviously) - what will the Bombardier balance sheet look like post BT obviously but also, how will BT be treated in Q3 - assets and liabilities held for sale? And how will the cash portion be accounted for? And what about the money that CDPQ and Bombardier injected in BT in Q1 and Q2 respectively?
Say for example some customers fail to pay BT near the close and BT ends up with $500M more Receivables than they were supposed to and a $500M cash shortfall, do they inject $500M to reach the $1B threshold and keep the Receivables until collected?