The Canadian Press</span>
Published Tuesday, September 26, 2017 9:39AM EDT
Last Updated Tuesday, September 26, 2017 4:09PM EDT
MONTREAL -- European railway manufacturers Siemens and Alstom announce merger, leaving Montreal-based Bombardier Transportation out in the cold.
The memorandum of understanding announced Tuesday is described as a merger of equals with each owning half the shares of the new company to be headquartered in Paris.
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