Sponsor Message:
Civil Aviation Forum
My Starred Topics | Profile | New Topic | Forum Index | Help | Search 
Boeing To Buy Aviall For $1.7B In Cash  
User currently offlineAirwave From United States of America, joined Mar 2006, 1117 posts, RR: 3
Posted (8 years 8 months 1 hour ago) and read 3693 times:

Article originally posted here. Fair use excerpt follows.

Quote:
Boeing Co. announced its biggest acquisition Monday in nearly a decade, agreeing to acquire aviation parts and services company Aviall Inc. for $1.7 billion in cash in a deal aimed at increasing its already large stakes in commercial and military aviation markets.
(...)
If the deal is approved by regulators, Aviall will become a wholly owned subsidiary reporting to Boeing's commercial aviation services unit. Aviall is based in Dallas and has about 1,000 employees.

Boeing agreed to pay $48 a share for Aviall, a 27.3 percent premium to Aviall's closing price of $37.70 on Friday. It also will assume $350 million in debt.

Aviall's shares leaped $9.30 or 24.7percent, to $47 in morning trading on the New York Stock Exchange, while Boeing shares rose 8 cents to $83.53, one week after hitting an all-time high of $87.25.

Boeing said the acquisition, which is anticipated to close by the end of the third quarter, is expected to boost earnings modestly in 2007 and have no effect this year.

Aviall's businesses include global parts distribution and supply chain services for aerospace, defense and marine industries worldwide. Its 2005 revenue totaled $1.3 billion, and Boeing said it expects 25 percent growth in 2006.

Airwave  eyebrow 

My apologies if this has already been discussed, but my seach didn't discern anything. If this is a duplicate thread, please delete. Thank you.


When you do things right, people won't be sure you've done anything at all.
Top Of Page
Forum Index

This topic is archived and can not be replied to any more.

Printer friendly format

Similar topics:More similar topics...
Is It Safe To Buy Tickets For TED In July posted Thu Jun 2 2005 19:30:57 by Ffis34
Boeing: Asia To Buy 6,225 New Planes In Next 20 Ye posted Mon Oct 20 2003 12:52:21 by Flyingdutchboy
Boeing To Buy BAE? posted Sun Oct 15 2006 15:46:37 by UAL747-600
LAX To Be Ready For A380 In 2007 posted Wed Feb 1 2006 20:01:43 by Laxintl
Boeing To Set Up Training Centre In Singapore posted Fri Apr 15 2005 15:40:01 by MidnightMike
Turkey To Buy A319CJ For VIP Duties posted Sun Nov 21 2004 04:53:25 by Laxintl
Boeing To Sell 7E7 For $ 125 Million Only posted Wed Feb 25 2004 04:07:56 by Behramjee
Colombia To Buy A New Presidential Plane In 2004 posted Sat Jan 10 2004 03:20:53 by Wimpycol
Boeing To End Production Of 757 In Late 2004 posted Thu Oct 16 2003 23:06:10 by Alexchao
Boeing To Outline Plans For 747-800 posted Fri Jun 13 2003 02:35:43 by Clickhappy