Reported 30 days ago
Boeing Co. has initiated a monumental $19 billion share sale, aimed at bolstering its liquidity and preventing a potential downgrade to junk status. The plan includes offering 90 million common shares and around $5 billion in depositary shares, marking one of the largest share offerings by a public company in history. With cash flow issues exacerbated by ongoing strikes and declining stock prices, the move is crucial for Boeing's CEO Kelly Ortberg as he seeks to stabilize the company and fund the production ramp-up of its 737 Max jetliner.
Source: YAHOO