Boeing Is Said to Offer Stock to Buy Spirit, Preserving Cash Amid Struggles

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In a bid to acquire a key supplier, Boeing has shifted how it plans to pay for the deal, according to two people familiar with the negotiations, a move that could help the plane maker preserve money as it addresses safety and quality problems. Boeing would use stock instead of cash to buy Spirit AeroSystems, said the two people, who were not authorized to speak publicly about the deal. One added that Boeing would pay more than $4 billion for Spirit, which produces aviation parts, including the body of the Boeing 737 Max, the company’s most popular plane. One of the people familiar with the talks said that the decision to shift to stock from cash was not expected to significantly delay a deal, which could be announced as soon as next week. Based on its stock price on Tuesday, Spirit has a market value of more than $3.6 billion. News that Boeing was proposing to use its stock, rather than cash, to buy Spirit was reported earlier by The Wall Street Journal.