Another one without an official confirmation:
Boeing Is in Talks to Acquire Embraer, WSJ Reports
Boeing Co. has held talks to acquire Brazilian aircraft maker Embraer SA, the Wall Street Journal reported, citing unidentified people familiar with the matter.
Embraer would get a substantial premium over its $3.7 billion market value, the newspaper said Thursday. The companies are awaiting word from the Brazilian government, which has veto power over a sale, on whether it would allow a transaction to go through, the Journal said.
The acquisition would be Boeing’s largest since it bought U.S. rival McDonnell Douglas Corp. in 1997, and would advance a consolidation wave sweeping through the aerospace sector. Boeing would gain an aircraft offering in the 100-seat category to counter a new threat from Airbus SE, which agreed in October to take control of Bombardier Inc.’s C Series program — the target of a trade complaint brought by Boeing.
Embraer’s American Depositary Receipts jumped 25 percent to $24.94 at 12:23 p.m. after advancing as much as 31 percent for a record intraday gain. Boeing slid less than 1 percent to $297.13.
The Brazilian manufacturer didn’t immediately respond to a request for comment. A Boeing spokesman wasn’t immediately available to comment.
Source:
Bloomberg.com for the WSJ
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