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Stock impact report

Boeing pulls out of Embraer merger talks: sources [Reuters]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Reuters
Boeing pulls out of Embraer merger talks: sources PARIS/SAO PAULO (Reuters) - Boeing Co ( BA.N ) has told the Brazilian planemaker Embraer ( EMBR3.SA ) that Embraer has not met conditions needed to complete a civil aerospace tie-up, meaning the $4.2 billion deal is off for the foreseeable future, two people familiar with the matter said. In a letter late on Friday, Embraer declined to agree to an extension to an April 24 deadline to close the deal, which calls for Boeing to buy 80% of Embraer’s commercial aerospace activities, the sources said. Boeing later confirmed the decision. Embraer, the world’s third largest planemaker, declined to comment. Show less Read more
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