Bombardier still struggling with its internal structure
When Bombardier Inc. raised $1.1-billion in equity earlier this year to help fund its plane development programs, executive chairman Pierre Beaudoin said many investors he met on the marketing tour “recognized how great our company is with the franchises we have … It’s a good story to tell.” But the plane maker’s sliding stock price since then to two-decade lows tells a different tale – that of a company still struggling to convince the market it can rebound under the grip of its founding family.
July 20, 2015 By The Globe and Mail
Bombardier’s bankers completed February’s share offering without a lead investor, stunning observers who expected the Caisse de dépôt et placement du Québec to step up to back the hometown champion. A well-placed source said the Caisse sought changes to the company’s dual class share structure as a condition of its investment – a change the founding Bombardier-Beaudoin family was unwilling to make. | READ MORE