(Bloomberg) — Boeing Co. agreed Sunday to purchase Spirit AeroSystems Holdings Inc. for $37.25 per share in an all-stock deal that values the company at $4.7 billion, according to people with knowledge of the transaction.
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The US planemaker also plans to assume about $3.5 billion of Spirit’s debt as part of the deal, which may be announced as soon as Monday, said the people, who asked not to be identified before the transaction is made public. Reuters reported the per-share price earlier Sunday. Representatives for the companies declined to comment.
Boeing plans to take control of the Spirit’s manufacturing that supports its commercial jet line-up, including building frames for its cash-cow 737 Max, two of the people said. It will also gain control over a portion of Spirit’s defense contract work, they said.
Boeing arch-rival Airbus SE is also expected to…
