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Bombardier Inc. T.BBD.A

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

Industrials Aerospace & Defense
Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its 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, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Bombardier Inc.
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Comment by DunceMonkon Mar 14, 2020 7:03pm
107 Views
Post# 30808465

RE:RE:RE:Alstom deal could be less profitable for Bombardier and CDPQ

RE:RE:RE:Alstom deal could be less profitable for Bombardier and CDPQThank you clubhouse19!
clubhouse19 wrote: The deal or MOU is in US dollars .
Alstom shares fixed at 47.50 /share.
the exchange rate converting from euro to us on feb 17 was .9224 and presently at .8943 thus requiring about  50k  more shares to foot the bill for the 550 million us in shares at 47.50.

alstom shares close at 38.46 on march 13 

the exchange rate for now works in bombardier's favor or equivalent to about 50k shares.



DunceMonk wrote: The exchange rate of Euro to USD may be an even bigger factor.

cseriesaddick wrote: Both will receive shares from Alstom at a predetermined price. Since Alstom’s shares have lost some value in the wake of the coronavirus, Bombardier would have received 100 million dollars less than expected if the deal had closed yesterday. Bombardier said that there isn’t any adjustment clause in the agreement with respect to Alstom shares price. Of course, the stock has plenty of time to recover until the closing of the transaction.

https://www.lapresse.ca/affaires/entreprises/202003/13/01-5264615-covid-19-la-vente-de-bombardier-transport-pourrait-etre-moins-payante.php

 




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