WASHINGTON (Reuters) – Boeing Co agreed on Sunday to accumulate Spirit AeroSystems (NYSE: ) for $37.25 a share, two folks acquainted with the matter mentioned, in an all-stock deal that values the provider at greater than $4 billion.
The boards of Boeing (NYSE: ) and Spirit met on Sunday and agreed to phrases of the deal, sources mentioned. They mentioned a proper announcement could possibly be made as quickly as Monday.
Reuters calculated that the transaction worth of US$37.25 valued Spirit Aero at US$4.34 billion based mostly on Spirit’s excellent shares.
The deal, which is topic to regulatory approval, will end result within the spin-off of Spirit, with the Kansas-based provider’s property partly owned by French plane maker Airbus.
Airbus, Spirit and Boeing declined to remark.
