In a strategic shift, Boeing Co. has proposed to acquire Spirit AeroSystems Holdings Inc. for approximately $35 per share, with the deal being primarily funded in stock. Initially, Boeing’s plan was to finance the acquisition with cash, but the company altered its approach following months of negotiations. The revised offer places Spirit AeroSystems’ equity valuation at about $4.1 billion, a 6% premium to the supplier’s recent closing stock price. Industry insiders, who have requested anonymity due to the sensitivity of the information, shared details of the evolving transaction dynamics.
The $35 per share proposal also represents a 22% upside compared to Spirit AeroSystems’ closing price on February 1. This acquisition is set against a backdrop of Boeing’s ongoing efforts to streamline and secure its supply chain for the 737 aircraft. Spirit AeroSystems is a significant supplier for Boeing, making this acquisition a crucial component of enhancing operational efficiency and stability within the aerospace giant’s production lines.
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