Photo: Getty ImagesThe Boeing Co.’s purported bid for Embraer SA looks low. Many details are still being sorted, the most important being whether the Brazilian government, which has veto power, will support an acquisition. According to the Wall Street Journal, Boeing and Embraer have informally agreed to a deal at ...$28 a share. A bid o $28 would be 40% higher than where Embraer was trading before news emerged of Boeing’s interest. If Boeing is serious about catching up to the new Airbus-Bombardier union, it doesn’t have many other options that match the scale of Embraer.

Source: Mint January 07, 2018 14:03 UTC