France's Alstom SA is close to clinching a deal to buy Bombardier Inc'...
) train business which will give the unit an enterprise value of $7 billion, according to a source familiar with the matter.The Wall Street Journal, which first reported the news, said Alstom is expected to buy the business using mostly cash and some stock.
Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier’s train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train company, the WSJ report said. Bombardier declined to comment on the report and Alstom did not immediately respond to a request for comment.
The Canadian plane-and-train-maker has been struggling to contain higher rail costs generated by a few problematic contracts in its nearly $36 billion order backlog.
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Alstom Reaches Preliminary Deal to Buy Bombardier Train UnitFrench train giant Alstom has reached a preliminary deal to acquire Bombardier’s train business in a deal that values the unit at more than $7 billion.
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France's Alstom set to buy Bombardier train unitFrench train giant Alstom SA has reached a preliminary deal to acquire Bombardier Inc.'s train business for more that $7 billion, according to people familiar with the matter. If terms are completed, the deal could be announced as early as Monday, according to these people. Paris-based Alstom is expected to acquire the business from Montreal-based Bombardier using mostly cash and some stock, according to these people.
Read more »
Alstom Reaches Preliminary Deal to Buy Bombardier Train UnitFrench train giant Alstom has reached a preliminary deal to acquire Bombardier’s train business in a deal that values the unit at more than $7 billion.
Read more »
France's Alstom set to buy Bombardier train unitFrench train giant Alstom SA has reached a preliminary deal to acquire Bombardier Inc.'s train business for more that $7 billion, according to people familiar with the matter. If terms are completed, the deal could be announced as early as Monday, according to these people. Paris-based Alstom is expected to acquire the business from Montreal-based Bombardier using mostly cash and some stock, according to these people.
Read more »