Boeing Offers To Acquire Spirit Aerosystems In $35 Per Share Deal Funded Mostly By Stock: Report
Portfolio Pulse from Benzinga Neuro
Boeing Co. (NYSE:BA) has proposed to acquire Spirit AeroSystems Holdings Inc. (NYSE:SPR) in a deal valued at $35 per share, primarily funded by stock. This move aims to alleviate Boeing's financial pressure and regain control over the quality of its jetliner structures. The acquisition comes as Boeing faces potential criminal charges related to the 737 Max crashes.
June 25, 2024 | 4:04 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Boeing's proposal to acquire Spirit AeroSystems for $35 per share, primarily funded by stock, is a strategic move to alleviate financial pressure and regain control over jetliner quality.
The acquisition is a strategic move to alleviate financial pressure and regain control over jetliner quality, which could positively impact Boeing's stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Spirit AeroSystems is set to be acquired by Boeing for $35 per share, a 6% premium to its current stock price. The deal is primarily funded by stock, with final terms still under discussion.
The acquisition at a 6% premium to the current stock price is likely to positively impact Spirit AeroSystems' stock in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100