The per-share offer represents a premium of nearly 6% over Spirit’s stock closing price on Monday and a 22.4% upside to its closing price on Feb. 29
A Boeing 737 Max-10 lands over the Spirit AeroSystems logo during a flying display at the 54th International Paris Air Show, at Le Bourget Airport, on June 22, 2023.in a deal funded mostly by stock that values its 737 fuselage supplier at about $35 per share, Bloomberg News reported on Monday, citing people familiar with the matter.
The per-share offer represents a premium of nearly 6 per cent over Spirit’s stock closing price on Monday and a 22.4 per cent upside to its closing price on Feb. 29, the day before Boeing’s takeover talks became public. The U.S. plane maker switched its offer from an all-cash one and while the final terms of the latest offer are still being discussed, it could include a small amount of cash, Bloomberg reported, adding the deal is expected to be announced within a matter of days.Spirit said in a statement that it remains “focused on providing the best quality products for our customers.” Boeing did not immediately respond to a Reuters request for comment.
However, talks hit a stumbling block over Spirit’s work for Airbus, with the European group threatening to block any deal that involved Boeing building parts for its newest models.
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