Exclusive-Boeing agrees deal to buy Spirit Aero for $4.3 billion - sources
Posted: Jun 30, 2024
-Boeing will acquire Spirit AeroSystems for $4.3 billion -Deal is for $37.25 per share in an all-stock deal -Terms of the deal were agreed upon by both Boeing and Spirit's boards -A sale of some of Spirit's assets to Airbus is expected -Deal is subject to regulatory approvals, official announcement could be made soon -Boeing, Spirit AeroSystems, and Airbus have declined to comment
🚨 Reddit sentiment: mixed/negative - Most of the comments are either bearish about the purchase, suggesting Boeing is making a desperate move, or recalling past mismanagement. Summarized comments: - Spirit airlines (Save) NOT the subject of this purchase, also likely to rise tomorrow due to regardedness - Isn’t Spirit Aero the vendor caught up in the Boeing whistleblower stuff going around? Sounds like BA is buying a solution to leaks for upcoming lawsuits and hearings. - If it pops, I'm going to buy puts... are those astronauts are still trap up there? - Sold Spirit in 2005 for $900 million, only to 'buy' it back 19 years later for $4.3 billion. Now that's some loss porn. - Forced to buy back a former spin-off. Great times. - Id bet this was held in reserve for the doj charges announcement. Stock tickers discussed: $BA, $SPR, $SAVE
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