Bombardier Family Digs In Its Heels on Dual-Class Shares

Bombardier Inc.’s founding family is rejecting demands by Canada’s government to loosen its control of the company in exchange for financial assistance. “It’s not our intention to change anything in this regard,” Chairman Pierre Beaudoin said Friday in Montreal. Prime Minister Justin Trudeau’s government is said to be pushing for corporate governance changes, including the dual-class structure that allows the Beaudoin and Bombardier families to control the company. The two sides still aren’t close to a deal, according to two federal officials who spoke on condition of anonymity as talks are private.