Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Kansas

Showing Original Post only (View all)

mahatmakanejeeves

(61,912 posts)
Sat Oct 27, 2018, 02:30 PM Oct 2018

Wichita's biggest employer just put the brakes on a $650 million acquisition [View all]

Wichita’s biggest employer just put the brakes on a $650 million acquisition

BY JERRY SIEBENMARK
jsiebenmark@wichitaeagle.com

October 26, 2018 09:57 AM
Updated October 26, 2018 04:40 PM

Spirit AeroSystems is putting on hold a $650 million deal that would give it more work on military aircraft and commercial jetliners.

Wichita’s largest employer said Friday it is postponing the deal to acquire the parent company of Asco Industries in Belgium because of issues identified during a review of the acquisition by the European Commission.

Spirit didn’t specify what the issues are. Analysts could press the company for more details when Spirit hosts a conference call next Wednesday to discuss its third quarter 2018 earnings.
....

Jerry Siebenmark: 316-268-6576, @jsiebenmark
3 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Latest Discussions»Region Forums»Kansas»Wichita's biggest employe...»Reply #0