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Bombardier Inc. T.BBD.A

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

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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(116)
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Comment by Jim99999on Sep 16, 2020 4:29pm
270 Views
Post# 31569146

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:🚂🚂🚂Bombardier and Alstom Sign Definitive Agreement🚂🚂🚂

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:🚂🚂🚂Bombardier and Alstom Sign Definitive Agreement🚂🚂🚂Of course CDPQ is selling their portion to Alstom. Do you think Alstom is interested in buying only part of BT? Did you even read the details of the deal when it was announced in February?

CDPQ and BBD are selling BT to Alstom. CDPQ takes the money it receives from Alstom for its share of BBD, adds in some more money of its own, and buys shares of Alstom with that money. CDPQ ends up as the largest Alstom shareholder.

This was all detailed in the press releases about the MOU back in February.

Jim


Shamhorish wrote: yes, CDPQ IS SELLING ITS PART TO aLSTOM'

READ SECOND PARAGRAPH

IT SAYS "Under the SPA, Bombardier and la Caisse will sell their interests in Bombardier Transportation to Alstom on the basis of an enterprise value of $8.4 billion (EUR 7.15B), reflecting a $350M (EUR 300M) price reduction from the previously announced Memorandum of Understanding (MOU), offset by the impact of a more favourable currency exchange rate.

LINK


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