Exclusive-Boeing agrees deal to buy Spirit Aero for $4.3 billion – sources By Reuters

WASHINGTON (Reuters) -Boeing agreed on Sunday to amass Spirit AeroSystems (NYSE:) for $37.25 per share, in an all-stock deal that values the provider at greater than $4 billion, based on two sources accustomed to the matter.

The boards of Boeing (NYSE:) and Spirit met on Sunday and agreed to phrases of the deal, the sources stated. An official announcement may come as quickly as Monday, they stated.

The $37.25 deal value values Spirit Aero at $4.34 billion, based on Reuters calculations, based mostly on Spirit’s excellent shares.

The deal, which is topic to regulatory approvals, would end result within the breakup of Spirit, with a number of the Kansas-based provider’s property going to French planemaker Airbus.

Airbus, Spirit and Boeing declined to remark.