Bombardier shares drop after tender offer, stock consolidation

Shares of Bombardier Inc. sank for a second day on Tuesday as the company announced a US$350 million offer to buy back some of its debt ahead of schedule using cash on hand.. The tender offer came on the heels of the Canadian jet manufacturer announcing it completed a reverse stock split on Monday. The company consolidated its Class A and Class B shares at a 25-to-one ratio after it obtained …

https://www.bnnbloomberg.ca/bombardier-shares-drop-after-tender-offer-stock-consolidation-1.1778819