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Stock Market & Financial Investment News

News Breaks
March 14, 2013
12:54 EDTBDRBF, GRMNGarmin to provide short term interest free loan of $173.7M to Bombardier
Garmin (GRMN) disclosed in a regulatory filing that its subsidiary Garmin International entered into a Memorandum of Agreement with Bombardier (BDRBF). In order to assist Bombardier in connection with delayed cash flows from the program to develop avionics system for the Lear 70 and Lear 75 aircraft for Learjet, a subsidiary of Bombardier, Garmin International agreed to provide Bombardier a short term, interest free, loan of $173.7M in cash in seven installments beginning on March 22, 2013 and ending on September 20, 2013 pursuant to the terms and conditions of the Agreement. Conditional upon Garmin International returning to Learjet a flight test vehicle and delivering specified Garmin software and hardware to Learjet no later than July 11, 2013, Bombardier will repay the loan in five installments beginning on November 1, 2013 and ending on March 7, 2014, provided that the repayment dates will be extended on a day for day basis if the July 11, 2013 milestone date is extended, the company said. Garmin International is the supplier of the avionics system for the Lear program and the delayed cash flows are partially related to the certification of the avionics exceeding the planned delivery date, the company said.
News For GRMN;BDRBF From The Last 14 Days
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November 21, 2014
10:42 EDTGRMNOptions with increasing implied volatility: VNET GRMN
November 20, 2014
13:15 EDTGRMNRaymond James says an outright sale of Garmin is unlikely
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10:37 EDTGRMNOptions with increasing implied volatility
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07:27 EDTGRMNGarmin volatility elevated
Garmin November call option implied volatility is at 40, December is at 35; compared to its 26-week average of 29 according to Track Data, suggesting large near term price movement.
November 19, 2014
13:16 EDTGRMNGarmin is an unlikely acquisition target, says Citigroup at Citigroup
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11:32 EDTGRMNGarmin calls active on takeover speculation
Garmin November 57.5 and December 60 calls are active on total call volume of 8,100 contracts (500 puts) on takeover speculation. November call option implied volatility is at 36, December is at 34; compared to its 26-week average of 29 according to Track Data. Active call volume suggests traders taking positions for upside price movement.
10:23 EDTGRMNRumor: Garmin strength attributed to takeover speculation
Shares of Garmin (GRMN) are moving higher on speculation Honeywell (HON) has approached the company.
November 18, 2014
07:08 EDTBDRBFBombardier awarded 227M contract for 27 new four-car trains by GTR
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November 11, 2014
05:29 EDTBDRBFBombardier, China's SPDBFL sign MOU for financing cooperation
Bombardier announced that it has signed a memorandum of understanding, or MOU, with China's SPDB Financial Leasing, or SPDBFL, which clears the way for SPDBFL to provide advance payment financing, delivery financing and leasing solutions to Bombardier customers acquiring Q-Series, CRJ Series and CSeries commercial aircraft, as well as Learjet, Challenger and Global business aircraft. The breadth of capital available from SPDBFL for Bombardier customers is up to $500M.
November 9, 2014
15:40 EDTBDRBFBombardier says China Express is previously announced unidentified customer
Bombardier Commercial Aircraft announced that China's sole specialized regional airline, China Express Airlines, is the previously announced unidentified customer that had placed a firm order for 16 CRJ900 NextGen regional jets and had taken options for eight additional airliners of the same type. This purchase agreement was initially announced on June 30. The announcement was made today in Beijing, in the presence of His Excellency Li Keqiang, Premier, People's Republic of China; The Right Honourable Stephen Harper, Prime Minister of Canada; Hu Xiaojun, Chairman, China Express; Wu Longjiang, President, China Express; Pierre Beaudoin, President and CEO, Bombardier; and Jianwei Zhang, President, Bombardier China. As previously announced by Bombardier, based on the list price for the CRJ900 NextGen aircraft, the firm order is valued at approximately $727M The value could increase to $1.12B should China Express exercise its options.

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