SPR - What's Going On With Boeing And Spirit Aerosystems Stocks? | Benzinga
Spirit Aerosystems Holdings, Inc. (NYSE:SPR) shares are trading lower Tuesday after Boeing Company (NYSE:BA) proposed to acquire the company in a deal valuing the supplier at approximately $35 per share.
The Details:
According to a Bloomberg report, Boeing has proposed to acquire Spirit Aerosystems in a deal valuing the supplier at approximately $35 per share. The proposal comes after months of negotiations and represents a shift from Boeing's previous all-cash offer.
Boeing's revision of the payment terms is seen as a strategic move to alleviate some of the financial pressure on the company, though the final terms of the deal may include a small amount of cash. Boeing faces multiple federal investigations related to quality and safety, and the acquisition of Spirit would allow the company to regain control over the quality of ...