💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

Bombardier family has no plans to relinquish control -Chair

Published 2016-04-29, 11:52 a/m
© Reuters.  Bombardier family has no plans to relinquish control -Chair
BBDb
-

April 29 (Reuters) - Bombardier Inc's BBDB.TO dual class
share structure is vital to protect the long-term interests of
the Quebec-based company and the Bombardier-Beaudoin family has
no plans to relinquish its majority control, said Executive
Chair Pierre Beaudoin.
"For the family, the success of this company has always been
important. The family was there in good and bad times," he said,
in response to an investor query at Bombardier's annual meeting
on Friday. "The multiple voting right shares enable us to invest
in the long-term and allow us to protect the company against its
dismantling and we do not want to change anything."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.