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BRIEF-Boeing To Acquire Spirit Aerosystems For An Equity Value Of Approximately $4.7 Billion, Or $37.25 Per Share
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BRIEF-Boeing To Acquire Spirit Aerosystems For An Equity Value Of Approximately $4.7 Billion, Or $37.25 Per Share
Jun 30, 2024 9:47 PM

July 1 (Reuters) - Boeing ( BA ):

* TO ACQUIRE SPIRIT AEROSYSTEMS

* MERGER IS AN ALL-STOCK TRANSACTION AT AN EQUITY VALUE OF

APPROXIMATELY $4.7 BILLION, OR $37.25 PER SHARE

* ALL-STOCK TRANSACTION AT AN EQUITY VALUE OF APPROXIMATELY

$4.7

BILLION, OR $37.25 PER SHARE

* MERGER IS AN ALL-STOCK TRANSACTION AT AN EQUITY VALUE OF

APPROXIMATELY $4.7 BILLION, OR $37.25 PER SHARE.

* TOTAL TRANSACTION VALUE IS APPROXIMATELY $8.3 BILLION,

INCLUDING

SPIRIT'S LAST REPORTED NET DEBT

* TOTAL TRANSACTION VALUE IS APPROXIMATELY $8.3 BILLION,

* TOTAL TRANSACTION VALUE IS APPROXIMATELY $8.3 BILLION,

INCLUDING

SPIRIT'S LAST REPORTED NET DEBT.

* SPIRIT SHAREHOLDERS WILL RECEIVE 0.25 BOEING SHARES FOR

EACH OF

THEIR SPIRIT SHARES

* TOTAL TRANSACTION VALUE INCLUDES SPIRIT'S LAST REPORTED

NET DEBT

* CO - TO ENSURE CONTINUITY OF SPIRIT OPERATIONS

* CO - SPIRIT TO SELL BELFAST, PRESTWICK, SUBANG OPERATIONS

* BOEING'S ( BA ) ACQUISITION OF SPIRIT WILL INCLUDE SUBSTANTIALLY

ALL

BOEING-RELATED COMMERCIAL OPERATIONS

* AIRBUS WILL ACQUIRE CERTAIN COMMERCIAL WORK PACKAGES THAT

SPIRIT

PERFORMS FOR AIRBUS CONCURRENTLY WITH CLOSING OF BOEING-SPIRIT

MERGER

* AIRBUS WILL ACQUIRE CERTAIN COMMERCIAL WORK PACKAGES THAT

SPIRIT

PERFORMS FOR AIRBUS CONCURRENTLY WITH CLOSING OF BOEING-SPIRIT

MERGER

* AIRBUS SE AND SPIRIT HAVE ENTERED INTO A BINDING TERM

SHEET

UNDER WHICH AIRBUS WILL ACQUIRE, WORK PACKAGES THAT SPIRIT

PERFORMS FOR AIRBUS

* TRANSACTION IS EXPECTED TO CLOSE MID-2025

* SPIRIT IS PROPOSING TO SELL CERTAIN OPERATIONS, INCLUDING

IN

BELFAST, NORTHERN IRELAND , PRESTWICK, SCOTLAND, AND SUBANG,

MALAYSIA

Source text for Eikon:

Further company coverage:

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