Dow Jones giant Boeing reportedly has offered to buy key supplier Spirit AeroSystems for about $35 a share.
The deal will be mostly in stock, The Wall Street Journal reported Monday night, citing sources. Bloomberg later reported a likely $35-a-share price tag. That would be a 6% premium to Spirit Aero's Monday close and a 22% premium to the Feb. 29 close, just before Boeing's takeover talks became known.
Boeing stock fell 1.4%. Spirit Aero stock sank 3.5%.
As part of the deal, Spirit Aero will shed the operations that make parts for Boeing rival Airbus, which accounts for one-fifth of its revenue.
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