Bombardier Announces Closing of Preferred Shares Offering
MONTREAL, QUEBEC--MARCH 8, 2002 - 09:41 EST
Bombardier Inc. has announced today that it
successfully closed the previously announced public offering
consisting of 9.4 million 6.25% Series 4 Cumulative Redeemable
Preferred Shares, for total gross proceeds of $235 million, which
includes 1.4 million additional shares issued as a result of the
Underwriters exercising their option. The offering is being made
through a syndicate led by CIBC World Markets Inc. and Scotia
Capital Inc., including National Bank Financial Inc. and BMO
Nesbitt Burns Inc.
The securities being offered have not been, nor will be,
registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States
absent registration or applicable exemption from the registration
requirement of such Act. This release does not constitute an
offer for sale of securities in the U.S. and any public offering
of securities in the U.S. will be made by means of a prospectus.
Bombardier Inc., a diversified manufacturing and service company,
is a world leading manufacturer of business jets, regional
aircraft, rail transportation equipment and motorized recreational
products. It is also a provider of financial services and asset
management. The Corporation employs 79,000 people in 24 countries
in the Americas, Europe and Asia-Pacific and its revenues for the
fiscal year ended Jan. 31, 2001 totalled $16.1 billion Cdn.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES
LAW. |
