Sept 16 (Reuters) - Bombardier Inc BBDb.TO :
* BOMBARDIER AND ALSTOM SIGN DEFINITIVE AGREEMENT FOR SALE OF TRANSPORTATION BUSINESS
* SALE BASED ON ENTERPRISE VALUE OF $8.4 BILLION (EUR 7.15B),REFLECTING A POST-MOU $350M (EUR 300M) PRICE REDUCTION, OFFSET BY POSITIVE FOREIGN CURRENCY IMPACT
* CLOSING NOW EXPECTED IN Q1 OF 2021, SUBJECT TO CUSTOMARY CLOSING CONDITIONS AND REMAINING REGULATORY APPROVALS
* NET PROCEEDS TO BOMBARDIER EXPECTED TO BE ABOUT $4.0B AT CLOSING
* BASED ON BOMBARDIER TRANSPORTATION'S CURRENT OPERATIONAL PERFORMANCE AND MARKET CONDITIONS, TOTAL PROCEEDS AFTER DEDUCTION OF DEBT-LIKE ITEMS, TRANSFERRED LIABILITIES AND ESTIMATED CLOSING ADJUSTMENTS(1) ARE EXPECTED TO BE $6.2B