Alstom Offers EU Fixes For €6.2B Bombardier Rail Deal
Law360 (July 10, 2020, 6:39 PM EDT) -- French rail transport company Alstom SA has offered concessions to assuage concerns European competition officials have raised over its planned acquisition of Canada-based Bombardier Inc.'s rail business.
In response to "potential concerns" raised during initial discussions with European Union officials about the €6.2 billion ($6.7 billion) deal, Alstom on Thursday said it would divest in its regional train unit — Coradia Polyvalent — along with one of its production sites in France. The company also said it would divest Bombardier Transportation's commuter trains unit, otherwise known as the TALENT 3 platform, and the unit's related production facilities in Germany.
In addition, the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!