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Gold/Mining/Energy : Bombardier, maker of planes and trains and other things -- Ignore unavailable to you. Want to Upgrade?

To: xtahce who wrote (893)	4/30/2001 11:47:34 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 1177

Bombardier's Acquisition of Adtranz Now Completed MONTREAL, QUEBEC--APRIL 30, 2001 - 10:44 EDT Bombardier today announced it has completed, as of May 1st, 2001, the acquisition of DaimlerChrysler Rail Systems GmbH (Adtranz), based in Berlin, Germany. This transaction follows the sale and purchase agreement with DaimlerChrysler AG of Stuttgart announced on August 4, 2000. The purchase is for a cash consideration of US$725 million (Cdn$1.1 billion), subject to equity adjustments. As of May 1st, 2001, Bombardier will have full responsibility for Adtranz' activities. Details will be provided on the new Bombardier Transportation organization at a press conference to be held in Berlin, on May 2, 2001, at 3:00 p.m. (Berlin time). 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 58,000 people in 12 countries in North America, Europe and Asia, and more than 90% of its revenues are generated outside Canada. Bombardier's revenues for its fiscal year ended Jan. 31, 2001 totalled $16.1 billion.