Bombardier stock price jumps up
Bombardier’s stock price has taken a big jump up, following several months of declines.
The 24% increase came after a bid by Beijing Infrastructure Investment for 60%-100% of Bombardier Transportation.
Although the bid was rejected, it valued the Canadian manufacturer at at $8 billion.
Bombardier’s stock price at the beginning of 2015 was 2.30, but had fallen to 1.09 before news of the Chinese bid.
TopicsBusiness Aviation News