French train giant Alstom SA has reached a preliminary deal to acquire Bombardier Inc.'s train business for more that $7 billion, according to people familiar with the matter. If terms are completed, the deal could be announced as early as Monday, according to these people. Paris-based Alstom is expected to acquire the business from Montreal-based Bombardier using mostly cash and some stock, according to these people.
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Alstom Reaches Preliminary Deal to Buy Bombardier Train UnitFrench train giant Alstom has reached a preliminary deal to acquire Bombardier’s train business in a deal that values the unit at more than $7 billion.
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