Bombardier and La Caisse in Final Negotiation Stretch, Changes to Preferred Shares too? More...
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10:30am - November 16, 2015 - Montreal, Quebec, Canada
According to sources, the ongoing negotiation is going well between The Caisse and Bombardier Inc. owners (Bombardier/Beaudoin family) and management. Remember, the Bombardier Transport (BT) planned IPO is progressing. Will The Caisse put up US$1B as a private placement to secure its participation in 20% of BT?
Bombardier Inc. is planning to sell 20-25% of its ownership in Bombardier Transport and have it listed on a German stock exchange where appetite for such business is very well recognized. A Chinese rail company offered $7-8 Billion for Bombardier Transport very recently. Bombardier Inc. might also use the opportunity sooner or later to enter into a partnership/transaction with another major in the same industry... Simens, GE...
Should the investment made by The Caisse also involve a change in the way the BBD.A preferred shares works?
Stay tune to Bombardier Investor Day, November 24 2015 in New York, staring at 8:00am, its coming up very soon!