Reported 8 months ago
Spirit AeroSystems' stock fell over 3% in pre-market trading after reports that Boeing adjusted its all-cash offer for the parts supplier to a mostly stock deal valuing Spirit at about $35 per share, representing a 6% premium to Monday's closing price. To acquire Spirit, Boeing will require the company to divest some manufacturing plants to Airbus. A potential breakout above $35 in Spirit AeroSystems shares could signal an uptrend aiming for $54, following news of the takeover discussions.
Source: YAHOO