Bombardier planning reverse stock split Bombardier (OTCQX:BDRAF, OTCQX:BDRBF), whose stock is mired at 25-year lows, soon will announce plans for a reverse stock split in order to remain a part of Canada's benchmark stock index. Reuters reports.
Bombardier's board of directors already had approved the reverse split before the stock dipped below C$1/share last week, according to the report.
If the shares stay at current levels, the stock could get ejected from Canada's benchmark S&P/TSX composite index, forcing index funds to sell the stock and putting more downward pressure on the share price.