Spirit AeroSystems to acquire Bombardier's Shorts and BANA for $275M

Spirit AeroSystems amended its agreement to acquire Bombardier's Shorts Brothers plc and Bombardier Aerospace North Africa SAS, reducing the purchase price from $500 million to $275 million. The deal is expected to close on October 30, 2020.

“This acquisition accelerates our strategic transformation by increasing our Airbus content with the A220 composite wing and growing our aftermarket business.”spiritaero.com

• 2 sources
• spiritaero.comBombardier and Spirit AeroSystems Amend Terms of Purchase Agreement, Reduce Net Proceeds Purchase Price to $275 Million and Expect to Close on Oct. 30, 2020 | Spirit AeroSystemsSpirit AeroSystemsOct 26, 2020
• ainonline.comSpirit Aero Proceeds With Bombardier Deal for Less Cash | Aviation International NewsJerry SiebenmarkOct 26, 2020

Summarized from public sources; check the original articles before acting on it.