Takeovers 

Boeing-Embraer tie-up collapses

Boeing-Embraer tie-up collapses

Boeing (US:BA) has announced that it is walking away from a $4.2bn (£3.4bn) deal to establish a joint venture with Embraer (US:ERJ). The aviation giant had been set to take an 80 per cent stake in the partnership, but says the Brazilian company “did not satisfy the necessary conditions” of their agreement. Embraer has hit back, claiming Boeing engaged in a “systematic pattern of delay... in light of its own financial condition”.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now