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 ...