http://awem.com/buyprednisone.net/ buy prednisone online without a prescription According to latest reports, Train-makers Bombardier and Siemens are discussing a merger deal of their businesses.
Following the reports, Bombardier’s shares surge
d nearly 7% on Tuesday while Siemens’ shares hit a record high before settling down.
Reports said that Bombardier, which is a major supplier of London Underground trains, and Siemens started talks earlier in 2017.
Analysts said an agreement if reached would help deal with mounting competition from China.
The planned merger would reportedly create the world’s second largest train-maker. Not just that it would also aid Siemens and Bombardier battle with market leader, China’s state-backed CRRC, they said.
The joint firm would have combined sales of $16 billion, but the venture would face close scrutiny from rivalry regulators.
The proposed agreement impact would be felt further than the Bombardier and Siemens’ home markets of Canada and Germany respectively.
Siemens have 700 train workers in the UK and its contracts include supplying Eurostar trains. Meanwhile Bombardier’s rail unit have 3,500 staff in the UK and has built trains for operators like Greater Anglia, Scotrail and in London.
Both Siemens and Bombardier have discussed a merger deals in the past, but are under intense pressure after joint ventures elsewhere in the rail industry.
CRRC was formed by merging China’s two largest players in 2015.
Bombardier shares surged 6.8% in Toronto on Tuesday, while Siemens shares go up 2.4% at one point before sliding down to end 0.4% higher.
Both companies have declined to comment when contacted by reporters.