1. Proxy Firms Back Bombardier Stock Consolidation Plan, Split on Two Board Members

    Proxy Firms Back Bombardier Stock Consolidation Plan, Split on Two Board Members

    MONTREAL (Reuters) - Proxy firm ISS joined Glass Lewis to back a Bombardier Inc proposal to reduce the number of its common shares, in a move the company said could help increase its stock price and reduce transaction costs for investors. Montreal-based Bombardier in March said it would seek shareholder support for a reverse stock split of its Class A and Class B shares that could range between 10-for-1 and 30-for-1...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      Board Recruitment Publication, BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    1. Continued low trading prices of the company's shares can put them below investment grade for many institutions, limiting the potential capital base for the company and its prospects for raising new capital as needed.
  3. Topics Mentioned