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Bombardier agrees to buy Adtranz

By 2000-09-01T10:00:00

Bombardier announced on August 4 that it had signed a sale and purchase agreement to acquire Adtranz from its parent DaimlerChrysler. The move had been expected following Bombardier’s unsuccessful bid for Siemens’ rail arm. The deal values the extensive Adtranz empire at just US$725m, reflecting the company’s recent lack of ...

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