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Germany: Siemens, Bombardier in train merger talks

By  |  July 29, 2015

Siemens AG, the multinational German conglomerate and Bombardier are in early talks to merge their rail divisions, according to a Wall Street Journal report.

The paper reported July 29 that talks are preliminary and any merger between the companies is far from guaranteed, however. The report cites sources familiar with the matter.

The news comes as Bombardier has been struggling with significant delays to its commercial CSeries aircraft program and a potential reassessment of its Global 7000 and 8000 business jet programs. The company’s stock has been languishing at 20-year lows over the past several weeks.

Bombardier has also been planning to sell off a segment of its transportation division in an IPO, but has insisted it would maintain control.

Full content: The Wall Street Journal

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