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Bombardier Sees No Rush for Rail M&A After Missing Siemens Deal

Nov. 15, 2017, 8:55 PM

Bombardier Inc. feels little immediate pressure to make a deal involving its train business after missing out on a tie-up with Germany’s Siemens AG, Chief Executive Officer Alain Bellemare said.

“The good news for me now is we’re in no rush to make a move,” Bellemare said Nov. 14 at a Goldman Sachs Group Inc. conference in Boston. “Short term, one year, two years, three years, I don’t see any change.”

Bellemare acknowledged the discussions with Siemens for the first time Nov. 14, after Montreal-based Bombardier spent several months discussing a rail combination with the Munich-based company. Siemens opted instead ...