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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

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

Post by Shamhorishon Jul 18, 2024 9:53am
339 Views
Post# 36138166

WHAT DOES THIS Early Warning News Release MEANS

WHAT DOES THIS Early Warning News Release MEANS

Early Warning News Release: Acquisition of Series 3 Cumulative Redeemable Preferred Shares of Bombardier Inc.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

NEW YORK, July 18, 2024 (GLOBE NEWSWIRE) -- Jefferies LLC announces that, in connection with facilitating a series of trades with a willing seller and willing buyers, it acquired on July 17, 2024, and immediately following the acquisition held, 4,804,247 Series 3 Cumulative Redeemable Preferred Shares (“Series 3 Preferred Shares”) in the capital of Bombardier Inc. (TSX: “BBD.PR.D”) (the “Issuer”), which represents approximately 51.6% of the issued and outstanding Series 3 Preferred Shares of the Issuer. Jefferies LLC promptly sold 2,100,000 Series 3 Preferred Shares of the Issuer, which represents approximately 22.5% of the issued and outstanding Series 3 Preferred Shares of the Issuer, on July 17, 2024 and intends to sell up to 2,704,247 Series 3 Preferred Shares of the Issuer, representing approximately 29.0% of the issued and outstanding Series 3 Preferred Shares of the Issuer, by July 19, 2024.

Jefferies LLC acquired the Series 3 Preferred Shares in the normal course of its business and not with the purpose of influencing the control or direction of the Issuer. Except as described herein, Jefferies LLC currently has no other plans or intentions that relate to, or would result in, the matters listed in Item 5 of the early warning report (“EWR”) to be filed by Jefferies LLC in connection with this news release.

 

The EWR will be filed by Jefferies LLC under applicable Canadian securities laws and will be available under the Issuer's SEDAR+ profile at www.sedarplus.ca. A copy of the EWR may also be obtained by contacting the media contact set out below. The Issuer’s head office is located at 400, chemin de la Cte-Vertu Ouest, Secrtariat De La Socit, Dorval, Qubec, H4S 1Y9, Canada.

Jefferies LLC
520 Madison Avenue
New York, NY 10022
USA

For media inquiries:
Jonathan Freedman (212) 284-2300
MediaContact@Jefferies.com



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