Bombardier, maker of planes and trains and other things Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Bombardier, maker of planes and trains and other things

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gilbert Drapeau who wrote (1097)	4/7/2003 8:00:29 PM
From: gg cox	of 1177

UPDATE - Bombardier to issue 340 mln shares at C$3.25 each Monday April 7, 6:07 pm ET (Adds details) MONTREAL, April 7 (Reuters) - Bombardier Inc. (Toronto:BBDb.TO - News) said on Monday it will issue 340 million class B common shares at C$3.25 each in a C$1.2 billion ($811 million) offer. ADVERTISEMENT The Montreal-based plane, train and snowmobile maker, which unveiled a sweeping restructuring plan on Thursday that included the equity issue and asset sales to counter some C$2.2 billion of writedowns, said the issue will close on or about April 17. Proceeds will be used to supplement Bombardier's working capital and for general corporate purposes, the company said in a release. Bombardier said it had granted the underwriters, led by CIBC World Markets Inc. and UBS Warburg (News - Websites) Inc., an option to purchase up to 30 million additional class B shares at the same price. Last Thursday, Bombardier, the world's largest train maker and No. 3 manufacturer of civil aircraft, said it recorded a fourth-quarter loss of about C$1 billion and heavy annual writedowns related mainly to its aircraft-making division. Shares of Bombardier closed down 5 Canadian cents at C$3.31 on Monday on the Toronto Stock Exchange (News - Websites), on a volume of 17 million shares, making it the most active in the session. The company said it had filed a preliminary short-form prospectus on April 3 with Canadian securities regulators. ($1=$1.48 Canadian)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next