SPR - Boeing Offers To Acquire Spirit Aerosystems In $35 Per Share Deal Funded Mostly By Stock: Report | Benzinga
Boeing Co. (NYSE:BA) has proposed to acquire Spirit AeroSystems Holdings Inc. (NYSE:SPR) in a deal largely financed by stock, valuing the supplier at approximately $35 per share.
What Happened: The proposed acquisition, which represents a 6% premium to Spirit’s stock price on Monday, is a shift from Boeing’s earlier all-cash offer, Bloomberg reported, citing people familiar with the matter. The change in funding comes after several months of negotiations between the two companies.
Boeing’s decision to revise the payment terms is seen as a strategic move to alleviate some of the financial pressure on the company, which has been grappling with the fallout from the 737 Max crisis and federal ...