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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.
The French Competition Authority cleared the acquisition by Spirit AeroSystems of Short Brothers plc, Bombardier Aerospace North Africa SAS, and certain assets of Bombardier Inc. in aircraft parts supply and MRO markets.
The French competition authority cleared Spirit AeroSystems' acquisition of sole control of Short Brothers plc, Bombardier North Africa SAS, and certain Bombardier assets. The transaction involves aerospace component manufacturing.