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home / articles / SPR - Why Boeing Shares Are Moving Higher Monday | Benzinga


SPR - Why Boeing Shares Are Moving Higher Monday | Benzinga

Boeing (NYSE:BA) stock is trading higher on Monday following the company’s announcement that it will acquire Spirit AeroSystems (NYSE:SPR).

What Happened: Boeing entered into a definitive agreement to purchase Spirit AeroSystems at $37.25 a share, a 30% premium to Spirit’s closing stock price on February 29.

The total equity value of the merger is $4.7 billion. Including Spirit’s net debt, the transaction is valued at about $8.3 ...

Full story available on Benzinga.com

Stock Information

Company Name: Spirit Aerosystems Holdings Inc.
Stock Symbol: SPR
Market: NYSE
Website: spiritaero.com

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