secwatch.observer — SEC 8-K summary
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Issuer:     BOEING CO (BA)
CIK:        0000012927
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001193125-24-172676
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 1.01, 7.01, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boeing to acquire Spirit AeroSystems in all-stock deal valued at ~$4.7B equity / $8.3B enterprise
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- Equity value ~$4.7B ($37.25/share); total enterprise value ~$8.3B including Spirit's net debt.
- Exchange ratio between 0.18 and 0.25 based on Boeing's 15-day VWAP with floor $149 and ceiling $206.94.
- Closing expected mid-2025; subject to Spirit shareholder approval, regulatory clearances, and sale of Spirit's Airbus work packages.
- Termination fees: Spirit pays $150M under certain circumstances; Boeing pays $300M if regulatory approvals not obtained by outside date.
- Boeing cites safety, quality improvements in reintegrating Spirit; Airbus to acquire certain Spirit work packages concurrently.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/12927/000119312524172676/0001193125-24-172676-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/12927/000119312524172676/d838733d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-172676

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