financetom
Business
financetom
/
Business
/
Update: Boeing Reportedly Seeking EU Approval for Spirit AeroSystems Acquisition
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: Boeing Reportedly Seeking EU Approval for Spirit AeroSystems Acquisition
Aug 28, 2025 7:10 AM

09:47 AM EDT, 08/28/2025 (MT Newswires) -- (Updates with response from Spirit AeroSystems ( SPR ) in the sixth paragraph.)

Boeing ( BA ) is seeking European Union approval to acquire Spirit AeroSystems ( SPR ) , multiple news outlets reported Thursday, citing an official European Commission document.

The proposed deal, valued at $4.7 billion in shares, was reportedly announced in July 2024, with Airbus set to take on Spirit's loss-making European operations.

The European Commission is expected to decide on the acquisition by September 30, the news outlets reported.

Britain's competition regulator cleared the deal earlier this month, choosing not to conduct an in-depth investigation, the media outlets reported.

The acquisition would make Boeing ( BA ) the owner of the world's largest standalone aerostructures company, the outlets reported, citing the document.

Spirit AeroSystems ( SPR ) declined to comment when contacted by MT Newswires, while Boeing ( BA ) and the European Commission did not immediately respond to requests for comment.

Price: 234.93, Change: -0.68, Percent Change: -0.29

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Reddit 'Well Positioned' to Grow in $250 Billion Digital Ad Market, Oppenheimer Says
Reddit 'Well Positioned' to Grow in $250 Billion Digital Ad Market, Oppenheimer Says
May 26, 2025
01:06 PM EDT, 05/02/2025 (MT Newswires) -- Reddit ( RDDT ) is well positioned to keep expanding its presence in the roughly $250 billion digital advertising market, Oppenheimer said in a report Friday. The social media platform reported Q1 revenue growth of 61% year-over-year, coming in 6% above Wall Street expectations. Despite a slower April for daily active users, Reddit...
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
May 26, 2025
May 2 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes ( BKR ) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by three to 584 in...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Roku Faces Near-Term Advertising Risks, Positioned to Adjust Ad Pricing With Programmatic Upgrades, Says Oppenheimer
Roku Faces Near-Term Advertising Risks, Positioned to Adjust Ad Pricing With Programmatic Upgrades, Says Oppenheimer
May 26, 2025
01:05 PM EDT, 05/02/2025 (MT Newswires) -- Roku ( ROKU ) faces near-term streaming and advertising headwinds, particularly due to exposure to short-term market fluctuations, but is better positioned to adjust ad pricing in dynamic markets with enhanced programmatic capabilities, Oppenheimer reported Friday in a research note. Most of Roku's ( ROKU ) ads are sold 30 to 60 days...
Copyright 2023-2026 - www.financetom.com All Rights Reserved