Clams Canino wrote:

Looks to me more like some kind of company splitting than an outside "sale".
Hmmm?

-W

"Harry Krause" wrote in message
...
del cecchi wrote:

"Rich Stern" wrote in message
...

As a man of science and a neutral mercury owner, let me try to
summarize
the background.


(snip)

Del, that was nicely stated.

My biggest concern is that Bombardier has the marine engine portion of
their
business on the selling block. This is the same business they bought
just
three years ago out of OMC's bankruptcy, and the same business they
advertised
as one they are investing in, in order to reassure potential
customers.
Remember the Bombardier ads where the newly acquired motors all had to
"pass an
audition."

My understanding is that the sale of the recreational products group
which includes outboards along with snowmobiles and a bunch of other
stuff was a done deal, but that could be incorrect. too lazy to go look
at press releases at bombardier web site I am.

snip
del



Members of the Bombardier family were among the purchasers:

Bombardier closes the sale of its recreational products business

Montréal, December 18, 2003
Bombardier Inc. today announced the closing of the sale of its
recreational products business to Bombardier Recreational Products Inc.,
a corporation formed by Bain Capital, members of the Bombardier family
and the Caisse de dépôt et placement du Québec. As previously announced,
the sale was closed for a total consideration of $960 million, $910
million of which was paid in cash and $50 million of which was paid by
the issuance of preferred shares from the purchaser’s parent company.



Yeah, I don't know the structure of the new entity, but it sure looks as
if some family members wanted to stay in the marine rec business, and
the mama corporation helped make it so.

I've not smelled that kind of money. This past week, I got to watch as
nearly $160 million in cold hard cash was swept into a client
corporation's bank account via a single wire transfer, and it sure gave
me a woody. With that kind of cash, I'd buy myself an unlisted island.
Alas, it was other peoples' money.


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