cummins
04-03-2003, 06:59 AM
MONTREAL (Dow Jones)--Bombardier Inc. (BBD.B) plans a major recapitalization
program which includes an offering of Class B shares to raise at least C$800
million.
In a press release, the company said the equity offering will strengthen its
balance sheet and bolster working capital. It said the shares won't be
registered under the U.S. Securities Act of 1933.
Bombardier also plans to sell Bombardier Recreational Products and other
non-core assets, as it focuses on its aerospace and transportation businesses.
<small>[ April 09, 2003, 11:21 AM: Message edited by: cummins ]</small>
program which includes an offering of Class B shares to raise at least C$800
million.
In a press release, the company said the equity offering will strengthen its
balance sheet and bolster working capital. It said the shares won't be
registered under the U.S. Securities Act of 1933.
Bombardier also plans to sell Bombardier Recreational Products and other
non-core assets, as it focuses on its aerospace and transportation businesses.
<small>[ April 09, 2003, 11:21 AM: Message edited by: cummins ]</small>