del cecchi wrote:

"Clams Canino" wrote in message
news:J%rGb.451184$Dw6.1364311@attbi_s02...

"Harry Krause" wrote in message
-

Del's a man of science? Does he have a doctorate in a hard science?
Just
curious.

He claimed to be a "man of science" not a "doctor of science".
Therfore,
he only requires a beleif in scientific principles of study and a
penis.

-W



Only a master's degree in EE. That hard enough?


Works for me...you can understand the souls of these new machines.


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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.

Cash proceeds initially evaluated at $910 million are impacted by
adjustments in the amount of approximately $160 million in favour of the
purchaser, to be made at and post closing, for variation in working
capital, pension plan funding and other off-balance sheet items.

In connection with the sale, the Corporation and the purchaser have
entered into certain other agreements, including a trademark licence
agreement under which Bombardier will license to the purchaser certain
trademarks which will continue to be owned by Bombardier. Those
trademarks include Bombardier*, Challenger* and the sprocket wheel
symbol. In addition, certain floorplan and other financing arrangements
have been entered into by the purchaser with Bombardier Capital.

The business sold to Bombardier Recreational Products Inc. includes the
activities related to Sea-Doo™ watercraft and sport boats, Ski-Doo™ and
Lynx™ snowmobiles, Johnson™ and Evinrude™ outboard engines, Evinrude
direct injection and Evinrude E-TEC™ technologies, Bombardier* ATVs,
Rotax™ engines and karts, as well as utility vehicles.

A world-leading manufacturer of innovative transportation solutions,
from regional aircraft and business jets to rail transportation
equipment, Bombardier Inc. is a global corporation, headquartered in
Canada. Its revenues for the fiscal year ended Jan. 31, 2003 were $21.2
billion Cdn. and its shares are traded on the Toronto, Brussels and
Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information
are available at www.bombardier.com.

N.B. 2002-2003 revenues have been restated following the sale of the
recreational products segment.

_____________________________________________

I hope they do well with the Johnson and Evinrude brand names. The fact
that the purchasers did almost the entire deal in cash money speaks for
the depth of their pockets.




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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.

Cash proceeds initially evaluated at $910 million are impacted by
adjustments in the amount of approximately $160 million in favour of the
purchaser, to be made at and post closing, for variation in working
capital, pension plan funding and other off-balance sheet items.

In connection with the sale, the Corporation and the purchaser have
entered into certain other agreements, including a trademark licence
agreement under which Bombardier will license to the purchaser certain
trademarks which will continue to be owned by Bombardier. Those
trademarks include Bombardier*, Challenger* and the sprocket wheel
symbol. In addition, certain floorplan and other financing arrangements
have been entered into by the purchaser with Bombardier Capital.

The business sold to Bombardier Recreational Products Inc. includes the
activities related to Sea-Doo™ watercraft and sport boats, Ski-Doo™ and
Lynx™ snowmobiles, Johnson™ and Evinrude™ outboard engines, Evinrude
direct injection and Evinrude E-TEC™ technologies, Bombardier* ATVs,
Rotax™ engines and karts, as well as utility vehicles.

A world-leading manufacturer of innovative transportation solutions,
from regional aircraft and business jets to rail transportation
equipment, Bombardier Inc. is a global corporation, headquartered in
Canada. Its revenues for the fiscal year ended Jan. 31, 2003 were $21.2
billion Cdn. and its shares are traded on the Toronto, Brussels and
Frankfurt stock exchanges (BBD, BOM and BBDd.F). News and information
are available at www.bombardier.com.

N.B. 2002-2003 revenues have been restated following the sale of the
recreational products segment.

_____________________________________________

I hope they do well with the Johnson and Evinrude brand names. The fact
that the purchasers did almost the entire deal in cash money speaks for
the depth of their pockets.




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Email sent to is never read.

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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