Boeing has agreed to buy Spirit AeroSystems in a deal valuing the airline supplier at $4.7bn, after months of negotiations that involved the US aircraft maker as well as its European arch-rival Airbus.
The total transaction value is about $8.3bn, including Spirit’s last reported net debt, said Boeing. The deal, which values the supplier at about $37.25 per share, will bring Spirit back under Boeing’s wing after two decades apart.
Spirit clinched a deal with Boeing after it reached a separate agreement with Airbus, with the European group taking over parts of the aerospace supplier’s work on some of its own key aircraft programmes.
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