Reported 12 months ago
Boeing's $4.7 billion deal to repurchase Spirit AeroSystems was orchestrated through discussions involving plane giants, marking a distinctive three-way agreement resulting from a crisis. Initiated as early as September to assist Spirit with operational enhancements, the merger evolved rapidly after production issues culminated in a mid-flight incident. Boeing's transition from a cash offer to an all-stock agreement valued at $37.25 per share eventually sealed the deal after intensive negotiations, positioning Spirit shareholders to receive $4 billion in stock and facilitating the return of core factories and assets to Boeing.
Source: YAHOO