Boeing Reunites with Spirit – Merger Arbitrage Mondays

The Boeing Company (BA) has faced significant challenges since the January mid-air panel blowout of a 737 MAX plane, which also affected its supplier Spirit AeroSystems (SPR), the manufacturer of Boeing’s 737 fuselages and other airframe components. Boeing has been searching for a new CEO and has been under scrutiny by the Justice Department because of the two fatal crashes in 2018 and 2019 that killed 346 people.