Bombardier to Exit Alstom Stake With $630 Million Share Sale

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(Bloomberg) — Bombardier Inc. is selling its stake in Alstom SA in a deal that would generate proceeds of more than $630 million at current market prices.
The offering has gathered enough investor demand to cover the sale, according to terms seen Tuesday by Bloomberg. Price guidance will follow and such accelerated offerings typically come at a discount. After completion of the sale, Bombardier said it expects to have exited its 3.1% stake in Alstoms common stock.
The deal comes on the heels of…

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