Alstom board meeting to decide on bid for Bombardier rail business: source

PARIS (Reuters) – French train maker Alstom’s (PA:) board will meet on Wednesday evening to decide on a possible offer for the rail business of Canada’s Bombardier (TO:), a source familiar with the situation told Reuters.

French TV station BFM reported earlier on its website that Alstom is set to make a firm offer for the Bombardier unit, valuing it at just under $7 billion.

Alstom and Bombardier declined to comment.

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