Bombardier Says Rail Unit `Not for Sale' After Chinese Approach

Updated on
  • Bombardier Transport IPO is scheduled for fourth quarter
  • Reported offer gave unit a value of as much as $8 billion

An employee works on the bogey of a London Underground train carriage at the Bombardier factory in Derby, U.K.

Photographer: Chris Ratcliffe/Bloomberg

Bombardier Inc. surged the most in almost 27 years amid growing optimism over the potential value of the company’s rail unit and sales prospects for the CSeries jet.

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