Boeing announces purchase of Spirit AeroSystems for $4.7 billion in stock

2024-12-25 21:29:45 source:lotradecoin withdrawal category:Finance

ARLINGTON, Va. (AP) — Boeing announced plans to aquire Spirit AeroSystems for $4.7 billion in an all-stock transaction for the manufacturing firm.

Boeing, located in Arlington, Virginia, announced the purchase in a statement late Sunday.

The acquisition’s equity value of $4.7 billion is $37.25 per share, while the total value of the deal is around $8.3 billion, which includes Spirit’s last reported net debt, the aerospace company said.

Spirit, located in Wichita, Kansas, manufactures key parts for Boeing aircraft.

More:Finance

Recommend

'Mary': How to stream, what biblical experts think about Netflix's new coming

Netflix's new original film based one of Christianity's most important stories premiered just in tim

Chinese foreign minister visits North Korea in latest diplomacy between countries

SEOUL, South Korea (AP) — North Korea said Friday it was hosting a visit by a Chinese government del

Georgia lawmakers, in support of Israel, pass bill that would define antisemitism in state law

ATLANTA (AP) — Georgia lawmakers passed a bill Thursday that would define antisemitism in state law,