Alstom ad Bomardier Transportation DebtLooking at the proposed Alstom Deal it seems that the Quebec Pension Plan which is a 32% holder of Bombardier Transportation will receive about $2 Billion of the proceeds and will invest that in Alstom. Does this indicate that the Pension Plan is absolved of its 32% stake in the current debt of Bombarider Transportation. It seems they are able to walk with $2 Billion while the remaining shareholders holding 68% of Bombarider Transportation will get the remaining $4.5 Billion but retain the existing debt? So $2 Billion profit for the Pension Plan and 2 seats on the Alstom Board and the shareholders reduce debt only with our share of the proceeds. Why don't we leave the Pension Plan with Bombardier and the shareholders can leave with $4.5 Billion on the $1.2 Billion market cap company. Am I missing something?
Looking to understand how much or if Alstom assumes debt (long term and/or current liability debt). Any info is appreciated. Overall seems like a good deal but a better deal for the Pension Plan on the back of the shareholders.