Bombardier Reaches a Settlement Agreement With DaimlerChrysler.MONTREAL Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. -- Bombardier Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BBD BBD In currencies, this is the abbreviation for the Barbados Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. .A) (TSX:BBD.B) announced today that a settlement agreement has been reached with DaimlerChrysler AG on all their outstanding disputes arising from the acquisition by Bombardier of DaimlerChrysler Rail Systems GmbH (Adtranz). Both companies have agreed to a reduction of EURO 170 million, which represents approximately $209 million US, or approximately 30% of the original purchase price of $725 million US. The terms of the settlement agreement are and will remain confidential. This settlement puts an end to the arbitration arbitration Process of resolving a dispute or a grievance outside a court system by presenting it for decision to an impartial third party. Both sides in the dispute usually must agree in advance to the choice of arbitrator and certify that they will abide by the between the two companies. About Bombardier 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, 2004 were $15.5 billion US and its shares are traded on the Toronto, Brussels and Frankfurt stock exchanges Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. (BBD, BOM and BBDd.F). News and information are available at www.bombardier.com. Bombardier Inc. (TSX:BBD.A) (TSX:BBD.B) |
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