BUZZ-Bombardier Inc: Exploring stake sale in all businesses

Thu Oct 1, 2015 1:24pm EDT
 
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** Canadian plane and train maker's stock down 4.8 pct at C$1.58 after Reuters report company exploring sale of a stake in any of its businesses

** "The urgency here is a concern and successful efforts are not assured," JP Morgan analysts write in a note

** A new cash infusion, if it were to happen, would come less than a year after the company in February raised C$1.1 bln in equity and $2.25 bln in debt

** Bombardier exploring sale of a stake in any of its business areas, not just its rail unit, to ensure it can finish development of its delayed CSeries jet, sources tell Reuters

** Bombardier has spent heavily on CSeries and other development programs, putting pressure on its balance sheet

** Up to Wednesday's close, stock had fallen nearly 60 pct this year