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Bombardier slides on likely Siemens-Alstom deal; awaits Boeing ruling
September 25, 2017 / 2:02 PM / a month ago

Bombardier slides on likely Siemens-Alstom deal; awaits Boeing ruling

TORONTO (Reuters) - Bombardier Inc (BBDb.TO) shares extended their recent losses to hit a four-month low on Monday, following news that the train and plane maker likely will lose out to Alstom (ALSO.PA) in a rail deal with Siemens (SIEGn.DE).

FILE PHOTO: A plane flies over a Bombardier plant in Montreal, Quebec, Canada on January 21, 2014. REUTERS/Christinne Muschi/File Photo

The company is also awaiting a U.S. trade court’s preliminary ruling, due on Monday, on Boeing’s complaint that Bombardier is dumping its new CSeries passenger jet in the U.S. aircraft market.

Bombardier’s stock was down 3.1 percent at C$2.16 in Toronto.

Reporting by Solarina Ho; Editing by Chizu Nomiyama

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