-Boeing mentioned on Monday it will purchase its struggling provider Spirit AeroSystems (NYSE:) in a $4.7 billion all-stock deal which was finalized after months of talks, because the aerospace large tries to unravel a full-blown security and regulatory disaster that has engulfed its key provider as nicely.
The whole transaction worth is about $8.3 billion, together with Spirit’s final reported web debt, Boeing (NYSE:) mentioned, including that Spirit shareholders will obtain 0.25 Boeing shares for every of their Spirit shares if the volume-weighted common worth is at or beneath $149.
Airbus and Spirit have additionally entered right into a binding time period sheet underneath which Airbus will purchase sure business work packages that Spirit performs for Airbus concurrently with the closing of the Boeing-Spirit merger, it added.
