Reported 12 months ago
Boeing has agreed to buy Spirit AeroSystems Holdings Inc. for $37.25 a share in an all-stock deal worth $4.7 billion, bringing back together operations separated two decades ago. The total transaction value, including Spirit’s net debt, stands at about $8.3 billion. Airbus will also take over parts of Spirit that make components for its aircraft, paying a nominal price of $1 for the assets and receiving $559 million in compensation. The deal aims to strengthen Boeing’s supply chain and enhance operational efficiency at Spirit.
Source: YAHOO