Alstom, Bombardier shares fall after $6.7 billion rail deal

February 18, 2020 by  
Filed under News

Shares of Alstom SA and Montreal-based Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival’s rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.

Source: Reuters Business News

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