Shares of Alstom SA and Bombardier Inc fell on Tuesday after the French firm agreed to buy its Canadian rival's rail division for up to 6.2 billion euros ($6.7 billion), a deal likely to draw scrutiny from competition regulators and unions concerned about job cuts.
The cash and shares deal, announced Monday, will make the combined entity the world's second-biggest train maker after China's state-owned CRRC Corp. It is the latest attempt by Western rail firms to try to build scale as they try to compete effectively with CRRC.
https://finance.yahoo.com/news/alstom-bombardier-shares-fall-6-172758692.html
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