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Britain’s competition watchdog is assessing whether Boeing’s (NYSE:BA) planned takeover of Spirit AeroSystems (NYSE:SPR) could harm market competition in the United Kingdom or elsewhere, the authority said on Thursday.
The Competition and Markets Authority hasn’t yet launched a formal probe but is seeking feedback from stakeholders by July 15 to help determine its next steps.
Boeing (NYSE:BA) originally separated Spirit’s (NYSE:SPR) key manufacturing sites in Wichita and Oklahoma back in 2005. Nearly two decades later, the aerospace giant is looking to bring Spirit (SPR) back under its wing with a $4.7 billion all-stock deal aimed at consolidating production and addressing quality concerns.
Meanwhile, Airbus (OTCPK:EADSF) (OTCPK:EADSY) finalized its own agreement in April to purchase select Spirit AeroSystems (SPR) facilities connected to its aircraft programs.