![]() ![]() Our responsibility, together with the 75,000 people of Alstom today, is to transform our unique set of assets created by this transaction into the enabler of this necessary transformation. "Transportation, essential to the working and social life but with great environmental impact is at the heart of this transition. "More than ever, the world has to engage in a deep environmental and social transition to be able to address the great challenges of urbanisation, equal opportunity for economic development and climate change. Henri Poupart-Lafarge, chairman and CEO of Alstom, said: "Today is a unique moment for Alstom and the mobility sector worldwide, with the creation of a new global leader centred on smart and sustainable mobility. ![]() "We wish to work constructively with the company for a prosperous future at a challenging time for the manufacturing sector in the East Midlands."īombardier Inc, which owned Bombardier Transportation, made the decision to sell its rail business in order to focus on the jet market and reduce its huge debts. "Securing employment for the future, and maintaining terms and conditions are Unite’s priorities. ![]() "Unite is keen to establish from the new management team what its future business plans are in the post-Brexit world and how they may impact on our members. Unite regional officer Larry McGlinchey said: "The sale of Bombardier's transportation business to Alstom opens a new chapter for the workers at the Derby plant. In December hundreds of workers at the Litchurch Lane Works were laid off as part of the company's end of year plans. Barclays Sticks to Its Sell Rating for Bombardier (BDRBD) June 22, 2022TipRanks Bombardier Announces Cash Tender Offer for Certain Outstanding Senior Notes June 13, 2022TipRanks Bombardier to. BOMBARDIER STOCK NEWS FULLThe full implications for the site are not known yet, with Unite the Union, which represents many employees at the works, saying it is keen to find out more about the plans of the new owners. Bombardier has said it would put a contingency plan in. The workers are mostly on the company's strong-selling Challenger business jet family, which accounted for just over a third of the company's plane deliveries in 2021. The multi-billion pound deal had been approved by regulators in the EU in July, last year, and it officially went through today, Friday, January 29. Bombardier Inc shares fell as much as 17.4 on Monday as workers on a key business jet program walked off the job for a day and amid a broader selloff in global markets. ![]() The company's Litchurch Lane Works, which employs 2,000 people, has been sold by its owners to French rail manufacturer Alstom, along with the rest of Bombardier Transportation. Toronto Stock Exchange Interactive Chart Compare BBD.B Stock to Peers News & Analysis: BOMBARDIER INC., CL. They do not change the underlying fundamentals of an organization.Train maker Bombardier in Derby has new owners after it was taken over as part of a £4.9 billion deal. Reverse stock splits are an artificial way for companies to raise the value of their share price. Since last September, Bombardier’s Class B shares have lost nearly one-third of their value on the Toronto Stock Exchange (TSX) and now trade at $1.50 per share, putting them in penny stock territory. It has almost 2.1 billion Class B shares and 308.7 million Class A multiple-voting shares, according to its website. The company said that the precise share ratio consolidation would be determined at a later date, and at the discretion of its board of directors.Īs of the close of trading last Friday (March 25), Bombardier had a market capitalization of $3.6 billion. MONTREAL, J(GLOBE NEWSWIRE) - Bombardier (TSX: BBD.B) will publish its financial results for the second quarter of 2022 on August 4, 2022. In a news release, Bombardier said a share consolidation would allow it to cut down its number of common shares to a level that's on par with other companies that have a similar market capitalization. The measure requires a shareholder vote at Bombardier's annual meeting on May 5. The Montreal-based business-jet maker is seeking shareholder approval to change its articles of incorporation so that it can consolidate the company's Class A and B shares at a ratio between 10-for-1 and 30-for-1. Bombardier (BBD.B) is planning a reverse stock split. Bombardier (BDRBF) Stock Forecast, Price & News 16.28 +0.30 (+1.88) (As of 12:00 AM ET) Today's Range 15.78 16.44 50-Day Range 14.15 24.51 52-Week Range 0.81 16.44 Volume 6,663 shs Average Volume 624,829 shs Market Capitalization N/A P/E Ratio N/A Dividend Yield N/A Price Target 55. ![]()
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