March 6, 2018 / 3:53 PM / 7 months ago

BUZZ-Bombardier Inc: Falls after C$638-million share sale

** Shares of Canadian plane-and-train maker down 6.8 pct at C$3.73

** Co to sell shares to strengthen its balance sheet as part of a five-year turnaround plan

** Will sell 168 mln Class B shares at C$3.80 per share to raise C$638.4 million ($495.8 million) in gross proceeds

** Up to Monday’s close, stock had risen 32 pct this year; stock had risen 40.3 pct last year

$1 = 1.2877 Canadian dollars Reporting by Karan Nagarkatti

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