Big Law

Boeing to Divest Spirit AeroSystems Assets in Planned Merger

A U.S. regulator said on Wednesday it would require Boeing to divest significant Spirit AeroSystems assets to resolve competition concerns about its $8.3 billion acquisition of the company that manufactures major parts of wings and fuselages for jetliners, including the Boeing 737.

The Federal Trade Commission order could complicate the merger, which Boeing had aimed to close by the end of the year. There is a 30-day public comment period for the proposed order. The FTC said Boeing and Spirit can close their transaction before that period ends, but the order would require further regulatory oversight.

Read more at CNBC

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