Reuters exclusively reported that Canadian plane-maker Bombardier was in advanced talks to sell three plants, including closely-watched Belfast wing-making facility, to Spirit Aerosystems in a deal valued at more than $1 billion. The two companies confirmed the transaction the next morning. Bombardier shares rallied about 14% in two days, and some traders and analysts cited the assets sale as part of the reason.
Reuters reveals Bombardier in advanced talks to sell 3 plants to Spirit AeroSystems
31 October 2019, 12:00 am 1 minute
Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Americas