Summary by Moomoo AI
On June 30, 2024, Boeing entered into a definitive agreement to acquire Spirit AeroSystems in an all-stock transaction valued at approximately $4.7 billion, or $37.25 per share, with a total transaction value of $8.3 billion including Spirit's net debt. The merger will result in Spirit becoming a wholly owned subsidiary of Boeing, with Spirit shareholders receiving Boeing shares based on an exchange ratio determined by Boeing's stock price. The merger aims to align commercial production systems, enhance safety and quality management, and provide long-term value for stakeholders. The transaction is expected to close by mid-2025, subject to regulatory and Spirit shareholder approvals, and the sale of certain Spirit operations related to Airbus commercial work packages. Boeing's acquisition includes Spirit's...Show More