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BRP to Raise CN$262.3 Million with Initial Public Offering

Bombardier Recreational Products announced an initial public offering price of CN$21.50 per share when the company goes public. At that price ($20.83 in U.S. dollars) for 12,200,000 shares, the IPO would generate proceeds of CN$262.4 million (US$254.8 million) for BRP, the company behind Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft, Evinrude & Johnson outboard engines, and Can-Am‘s ATVs, side-by-sides and Spyder three-wheeled roadsters.

2008-2012 Can-Am Spyders Recalled for Fire Risk

Bombardier Recreational Products has initiated two recalls in Canada on Can-Am Spyder Roadsters for a risk of fire due to a leaky gas cap. One recall covers certain units from model years 2008-2012, which covers all prior model years since the three-wheeler was first introduced in 2008. The second recall applies to model years 2008-2010.

2008-2012 Can-Am Spyder Fuel Vapor Leak Recalls Expands to US

A pair of recalls for fuel vapor leaks on Can-Am Spyder roadsters has expanded to the U.S. According to the National Highway Traffic Safety Administration, one recall affects 9,600 units from model years 2008-2010 while the second, larger recall affects 33,700 from model years 2008-2012. An earlier recalls from Transport Canada affects 9400 units for the a fuel cap issue and 2,431 units for a fuel vapor canister vent hose issue.