(Bloomberg) — Boeing Co. agreed to buy back Spirit AeroSystems Holdings Inc. for $37.25 a share in an all-stock deal that values the supplier at $4.7 billion, unwinding a two-decade separation as the embattled US planemaker tries to fix is manufacturing defects.
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The total transaction value is about $8.3 billion, including Spirit’s last reported net debt, according to a statement early on Monday. Rival Airbus SE will also take over parts of Spirit that make parts for its operations, and the European planemaker will pay a nominal price of $1 for the assets, while receiving $559 million in compensation, according to a separate release.
“We believe this deal is in the best interest of the flying public, our…
