PARIS/MONTREAL (Reuters) – Shares of Alstom SA and 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. The cash and shares deal, announced Monday, will make the combined entity the world’s second-biggest train maker after China’s state-owned CRRC Corp. It is the latest attempt by Western rail firms to try to build scale as they try to compete effectively with CRRC. Bombardier shares were down 8.2% …read more
Source:: Yahoo Finance
