Bombardier Announces its Strategic Decision to Focus on Business Aviation and its Intent to Accelerate Deleveraging through Sale of Transportation Division to Alstom
BOMBARDIER INC B (BDRBF)
NASDAQ:AMEX Investor Relations:
ir.bombardier.com/en
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Source: GlobeNewswire
Bombardier, a world leader in business aviation, is well-positioned to compete in the business jet market Alstom to acquire Bombardier Transportation at an Enterprise Value of $8.2 billion (EUR 7.45 billion)Transaction will retire la Caisse’s participation in Bombardier Transportation (BT), la Caisse to become largest shareholder of Alstom Following adjustments for liabilities, net of BT cash, and la Caisse’s interest, expected net proceeds between $4.2 and 4.5 billion will reshape capital structure Closing expected first half of 2021, subject to customary regulatory approvals All amounts in this press release are in U.S. dollars unless otherwise indicated. Amounts in EUR are converted to USD at an 1.1 exchange rate. MONTRÉAL, Feb. 17, 2020 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) today announced that it has made the strategic decision to focus exclusively on business aviation and plans to accelerate its deleveraging through the sale of its rail business. “Today marks a
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