Bombardier Inc. T.BBD.A

Alternate Symbol(s): BDRXF | BDRAF | BDRBF | BOMBF | T.BBD.B | T.BBD.P.B | T.BBD.P.C | T.BBD.P.D | BDRPF

Industrials Aerospace & Defense

Bombardier Inc. is focused on designing, manufacturing, and servicing business jets. The Company has a fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. The Company designs, develops, manufactures and markets two families of business jets (Challenger and Global), spanning from the mid-size to large categories. The Company also provides aftermarket support for both of these aircraft, as well as for the Learjet family of aircraft. The Company's robust customer support network services the Learjet, Challenger, and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, The United Arab Emirates, Singapore, China and Australia. Its jets include Challenger 300, Challenger 350, Challenger 3500, Global 5000, Global 5500, Global 6000.

TSX:BBD.A - Post by User

Bombardier Inc. > New strategy of BOD

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Comment by BBDB859on May 07, 2022 4:22pm

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Post# 34664755

RE:New strategy of BOD

What is "NCIB"

"A normal-course issuer bid is a type of buyback strategy used by publicly traded businesses. In this strategy, businesses approach shareholders to buy their outstanding shares, which are then canceled. To help get the shares, businesses may be willing to pay more than the share’s actual worth when pursuing this type of bid."

This so interesting that the Bomber is doing it this way along with R/S of 25 to 1.

In essence what they are saying to the Existing Bomber Shareholders is that. Hey we'll buy your shares for this HIGHER price even though the SP on the Exchange is this. It's a buy back of some kind. Or Mr. Shareholder, if you don't sell us your shares, we'll do the Split if you don't take this offer.

Let's think about that.

Sorry but I gotta go right now. But Let me mull it over in my head first. To see what it really means

borrock wrote:
BRIEF-Bombardier’s Board Of Directors Approves Share Consolidation And Renewal Of Normal Course Issuer Bid

May 6 (Reuters) - Bombardier Inc:

* BOMBARDIER’S BOARD OF DIRECTORS APPROVES SHARE CONSOLIDATION AND RENEWAL OF NORMAL COURSE ISSUER BID

* BOMBARDIER - CURRENTLY TARGETING TO IMPLEMENT SHARE CONSOLIDATION AND RENEWED NCIB IN JUNE 2022

* BOMBARDIER - BOARD APPROVED PROCEEDING WITH CONSOLIDATION OF ISSUED & UNISSUED CLASS A & CLASS B SHARES AT A CONSOLIDATION RATIO OF 25-FOR-1 Source text for Eikon: Further company coverage: