RE:RE:RE:RE:RE:Alstom's spinIf shareholders were uncertain before as to how much money Bombardier will receive from the sale of BT, it's clear as mud now. There is a Chinese expression: When the water is clear, you can't catch any fish...
bbdaerospacecnd wrote: different spins from BBd and Alstom indeed. BT has to improve its cash position before Q1, 2021
'Alstom will pay 900 million euros less than initially planned as part of the high price range proposed by Alstom management, last February. This was between 5.8 and 6.2 billion euros.
Two weeks ago, Henri Poupart-Lafarge, CEO of Alstom, had indicated at the microphone of Franceinfo, to have revised this price downwards, within the framework of a new range of 5.5 to 5.9 billion. But Alstom specifies today that the final price should be reduced to 5.3 billion thanks to a final price adjustment mechanism, depending on the level of cash at Bombardier 'Transport when the transaction closes in the first quarter of 2021.