Date:	--/--/-- --:--:--
Event Id:	E55Q52T9D
Action Type:	ACQUISITION
Action Status:	ANNOUNCED
Acquirer Symbol:
Target Symbol:	SPR
Updated:	--/--/-- --:--:--
Purchase Price Per Share:	37.25
Price Per Share Currency:	USD
News References:	https://www.prnewswire.com/news-releases/spirit-aerosystems-shareholders-approve-acquisition-by-boeing-302365493.html

Action Notes

Boeing today announced it has entered into a definitive agreement to acquire Spirit AeroSystems The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share. The total transaction value is approximately $8.3 billion, including Spirit's last reported net debt. Each share of Spirit common stock will be exchanged for a number of shares of Boeing common stock equal to an exchange ratio between 0.18 and 0.25, calculated as $37.25 divided by the volume weighted average share price of Boeing shares over the 15-trading-day period ending on the second trading day prior to the closing (subject to a floor of $149.00 per share and a ceiling of $206.94 per share). Spirit shareholders will receive 0.25 Boeing shares for each of their Spirit shares if the volume-weighted average price is at or below $149.00, and 0.18 Boeing shares for each of their Spirit shares if the volume-weighted average price is at or above $206.94.The transaction is expected to close mid-2025 and is subject to the sale of the Spirit operations related to certain Airbus commercial work packages and the satisfaction of customary closing conditions, including regulatory and Spirit shareholder approvals. The Spirit special shareholder meeting to vote on the transaction will be held on 01/31. On 01/31, at the special shareholders meeting, shareholders voted to approve the proposed acquisition of Spirit AeroSystems by The Boeing Company.