Bombardier Inc. announced today that it has closed a public offering of 370 million Class B shares (subordinate voting) shares, at a price of $3.25 per share, for total gross proceeds of approximately $1.2 billion. This amount reflects the exercise, on April 15, 2003, by the underwriters of the over-allotment option covering 30 million Class B shares (subordinate voting), granted in accordance with the terms of the underwriting agreement entered into on April 7, 2003. The proceeds will be used to supplement Bombardier’s working capital and for general corporate purposes.
Bombardier Inc., a diversified manufacturing and services company, is a world-leading manufacturer of business jets, regional aircraft, rail transportation equipment and motorized recreational products. It also provides financial services and asset management in business areas aligned with its core expertise. Headquartered in Montréal, Canada, the Corporation has a workforce of some 75,000 people and manufacturing facilities in 25 countries throughout the Americas, Europe and Asia-Pacific. Its revenues for the fiscal year ended Jan. 31, 2003 stood at $23.7 billion Cdn. Bombardier shares are traded on the Toronto, Brussels and Frankfurt stock exchanges (BBD, BOM and BBDd.F).
Vice President, Public Relations and Communication
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