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POTENTIAL DEAL DETAILS
| Stock | Spirit AeroSystems Holdings, Inc. | Symbol | SPR |
| Date Announced | 03/01/2024 | Source | Wall Street Journal |
| Type | News Report |
| Date of Confirmation: | 07/01/2024 | Price at Confirmation: | $32.87 |
| Potential Profit: | -0.33% | Annualized Profit: | -1.00% |
According to WSJ, Boeing (BA) is in talks to acquire troubled supplier Spirit AeroSystems (SPR).
Spirit AeroSystems Investor Relations
Boeing Investor Relations
Update(s):
March 1, 2024: Boeing (BA) and Spirit AeroSystems (SPR) on Friday confirmed that they are in preliminary acquisition talks.
March 25, 2024: Boeing (BA) CEO Dave Calhoun announced that he’s stepping down as Boeing’s head at the end of the year, and said he hopes a deal with Spirit will be inked soon.
April 4, 2024: Reuters reported Boeing (BA) and Airbus are edging towards a potentially coordinated deal to split operations of troubled supplier Spirit AeroSystems (SPR) taking on plants needed to support their top jet programs.
April 23, 2024: According to Bloomberg, Boeing’s (BA) plan to buy back supplier Spirit AeroSystems (SPR) has become mired in protracted discussions over pricing for factories that make components for Airbus SE, complicating the US planemaker’s efforts to gain tighter control over manufacturing quality.
Since Boeing first confirmed its intention in early March to re-integrate Spirit, talks have only progressed slowly and don’t appear anywhere close to completion.
April 24, 2024: Boeing (BA) CEO Dave Calhoun said in an interview on CNBC that the potential deal with Spirit AeroSystems (SPR) is not getting delayed, he expects to get the deal announced in the second quarter, adding “it’s more than likely.”
April 30, 2024: According to Bloomberg, Spirit AeroSystems (SPR) and Airbus SE are dispatching senior executives to a meeting in New York in the coming days to chart a path forward for a takeover of key aircraft-manufacturing assets. The face-to-face session is set to involve Spirit Chief Executive Officer Pat Shanahan, while Airbus may send Christian Scherer, the head of its commercial aircraft business.
June 20, 2024: According to Reuters, Boeing (BA) is nearing a deal to buy back Spirit AeroSystems (SPR) after its former subsidiary made substantial progress in separate talks with Airbus over a transatlantic breakup of the struggling supplier. The exact timing of the deal is unclear, but it could come within days or weeks, barring last-minute snags.
June 24, 2024: According to WSJ, Boeing (BA) has proposed funding its acquisition of parts maker Spirit AeroSystems (SPR) with stock rather than cash. The two sides discussed a deal that would have had Boeing paying more than $4 billion for the two-thirds of Spirit’s business that supplies it with parts. As part of the deal, Spirit will shed operations that make parts for Boeing’s rival Airbus, which accounts for about one-fifth of the parts maker’s revenue.
According to Bloomberg, Boeing has offered to acquire Spirit in a deal funded mostly by stock that values the key supplier at about $35 per share.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.