Boeing agreed to acquire Sprit Aero for $37.25 a share in stock. The deal values Spirit at about $8 billion, including the company’s debt.
Boeing agreed to buy Spirit Aerosystems, one of its major suppliers and manufacturing partners, as part of its plan to overhaul the aircraft maker’s badly damaged safety reputation.
(Bloomberg) -- Boeing Co. agreed to buy back Spirit AeroSystems Holdings Inc. for $37.25 a share in an all-stock deal that values the supplier at $4.7 billion, unwinding a two-decade separation as the embattled US planemaker tries to fix is manufacturing defects.Most Read from BloombergJustice Department to Charge Boeing, Seeks Guilty Plea from PlanemakerFrance’s Market Rally Falters as Investors See Enduring RiskBlackRock Buys Preqin for $3.2 Billion in Private Data PushLe Pen’s Far Right Wins