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- Spirit AeroSystems (NYSE:SPR) on Tuesday fells as much as 7.8% in premarket trading following a news report that Boeing (NYSE:BA) switched its proposed funding from an all-cash offer to a deal funded mostly by stock that values the key supplier at about $35 a share. Bloomberg News first reported on the offer.
- Boeing (BA) has said it wants to acquire Spirit (SPR) to gain more control over its supply chain amid ongoing safety issues. The acquisition would effectively reverse Boeing’s (BA) spinoff of Spirit (SPR) in 2005 as a separate publicly traded company. At that time, Boeing (BA) had sought to cut costs by outsourcing the assembly of fuselages and other parts to suppliers.