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Stock impact report

Bombardier to acquire Global 7500 aircraft wing program from Triumph Group Inc.

Triumph Group, Inc. (TGI) 
Last triumph group, inc. earnings: 2/6 06:00 am Check Earnings Report
US:NYSE Investor Relations: ir.triumphgroup.com/investor-overview
Company Research Source: GlobeNewswire
Bombardier enters into a definitive agreement to acquire Triumph’s Global 7500 wing manufacturing operations and assetsAcquisition will secure the production ramp-up and long-term success of Bombardier’s Global 7500 programBombardier will continue to operate the production line and integrate the employees currently supporting the program at Triumph’s Red Oak, Texas facilityTransaction is expected to close in the first quarter of 2019 for a nominal cash considerationAcquisition will strengthen Bombardier’s position as a leading aerostructures manufacturer Transaction is not expected to impact Bombardier’s consolidated 2019 EBIT and free cash flow(1) guidance, and 2020 targets MONTRÉAL, Jan. 24, 2019 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) today announced a definitive agreement to acquire the Global 7500 wing program from Triumph Group Inc. (NYSE: TGI). The acquisition will strengthen Bombardier’s position as a leading aerostructures manufacturer and secure the production ramp-up Show less Read more
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