Boeing scraps $4.2 billion deal to buy Embraer commercial division
Boeing said Saturday it was exercising its right to pull out of a preliminary deal reached in July 2018. It said in a statement, "Embraer did not satisfy the necessary conditions."
By AFP | Apr 25, 2020, 07.54 PM IST
AFP
NEW YORK: Boeing announced Saturday it was pulling out of a $4.2 billion deal to acquire the commercial plane divisionof its Brazilian rival Embraer.
The companies had planned to form a joint venture in which Boeing would take an 80 percent stake in that division. The deal had been due to be finalized no later than Friday.
Read more:https://m.economictimes.com/news/in...mercial-division/amp_articleshow/75380191.cms
Boeing said Saturday it was exercising its right to pull out of a preliminary deal reached in July 2018. It said in a statement, "Embraer did not satisfy the necessary conditions."
By AFP | Apr 25, 2020, 07.54 PM IST
AFP
NEW YORK: Boeing announced Saturday it was pulling out of a $4.2 billion deal to acquire the commercial plane divisionof its Brazilian rival Embraer.
The companies had planned to form a joint venture in which Boeing would take an 80 percent stake in that division. The deal had been due to be finalized no later than Friday.
Read more:https://m.economictimes.com/news/in...mercial-division/amp_articleshow/75380191.cms
