UPDATED, 1:30 p.m.: The long-awaited merger of theme park operators Cedar Fair and Six Flags has finally closed, creating what Six Flags called today “the largest and most diversified amusement park operator in North America.” The newly combined behemoth will operate under the Six Flags name and, appropriately, trade under the symbol FUN. The new … Read more
The complex three-way deal announced late Sunday night to split Spirit AeroSystems between Boeing and Airbus, returning the huge Boeing manufacturing facilities it sold two decades ago, was engineered by Spirit AeroSystems CEO Pat Shanahan. Just four months after Boeing announced its intention to take back most of this critical supplier, Shanahan secured the deal … Read more
By Tim Hepher, Shivani Tanna and Mike Stone (Reuters) – Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take over the supplier’s losing operations focused on Europe, sending shares in the top three companies to a split of rarely transatlantic. The nearly two-decade independence of the world’s … Read more