Bombardier Inc. T.BBD.A

The bonds settlement: A real victory

[Tempo1]

....The settlement also contains a consent from plaintiffs, as beneficial holders of outstanding 7.45% Senior Notes due 2034, to the amendments of the indenture governing such notes ....

The settlement is not material to the Company’s financial results or consolidated cash position.

I'm not a lawyer but I gave some merit to the plaintiffs; the moves done by Bombardier by issuing more notes to drown the plaintiffs votes was a daring maneuver in my mind at the limits of the honest game. I was not sure of the results of the lawsuit.

The sky is clear.....and blue.  No clouds.

[BBDB859]

The US is a litigious society. They would have have dragged this on to whatever years it would take to get something. If this was a small immaterial cash settlement? Then it is sensible for them to get rid of the lawsuit, even if it cost a bit extra.

[johnney]

Yes, they settled it the lawsuit, but will cost Bombardier, money, no doubt! How much will it cost them, will we know? Glta!