The Consello Group

Boeing's Acquisition of Spirit AeroSystems for $8.3 Billion - Boeing's acquisition of Spirit AeroSystems in an $8.3 billion all-stock transaction marks a significant move to enhance its manufacturing and engineering capabilities. The deal values Spirit shares at $37.25 each, a 30% premium over their pre-announcement price, reflecting strong market confidence in the merger's potential. - The financial terms include a variable exchange ratio for Spirit shareholders, contingent on Boeing's stock price at closing. If Boeing’s stock is at or below $149.00, Spirit shareholders will receive 0.25 shares of Boeing for each share of Spirit. If the stock price is at or above $206.94, the ratio will be 0.18 Boeing shares for each Spirit share. This structure is designed to balance shareholder interests amid market volatility, ensuring alignment with Boeing’s long-term performance. - Spirit AeroSystems’ CEO, Patrick M. Shanahan, highlighted the merger’s potential to enhance Boeing's safety and quality systems, crucial in the competitive aerospace industry. Additionally, to comply with regulatory requirements and maintain market equilibrium, Spirit has arranged a term sheet with Airbus to divest certain assets related to Airbus programs. - The acquisition has received unanimous approval from Spirit’s Board of Directors but is subject to shareholder and regulatory approval, with an expected completion by mid-2025. The deal also requires the successful divestiture of Spirit’s Airbus-related operations. - Morgan Stanley is leading the financial advisory for Spirit, with Moelis & Company also providing support. Legal counsel for Spirit is managed by Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates. For Boeing, PJT Partners is the lead financial advisor, supported by Goldman Sachs and The Consello Group, with legal matters handled by Sullivan & Cromwell LLP. #boeing #spiritaerosystems #acquisition #aerospace #manufacturing #engineering #supplychain #operationalcapabilities #aerospaceindustry #patrickshanahan #mergersandacquisitions #industryconsolidation

Last week we celebrated the launch of Consello’s second annual book, “Reflections, Learnings and Predictions in an Ever-Changing World,” with a reception and fireside chat featuring book contributor and Kyndryl CEO, Martin Schroeter, who was interviewed by Bloomberg Television anchor, Caroline Hyde. You can read Martin’s chapter, “Technology Transformation: From the Back-office to the Boardroom,” and explore the other newly released chapters here: https://lnkd.in/e99fb2Ur

Exiting the first quarter of 2024, we observe a “back-end loaded” set-up for S&P 500 companies, which are relying on a stronger second half of the calendar year to achieve their full year guidance for FY’24. In fact, 58% of the FY’24 sales growth guidance for S&P 500 companies is expected to be achieved in the second half (2H), surpassing averages from the past ten years (excluding the COVID-19 period and 2016). Read the full report: https://lnkd.in/eCk5MVkr

On this #MemorialDay, we remember and honor the courageous men and women who gave everything for our freedom.

Consello is pleased to announce a strategic alliance with the London-based global investment firm Centricus. Read the full announcement here: https://lnkd.in/eBgQZGdY

Consello is pleased to announce an expanded advisory partnership with iconic athlete and accomplished businesswoman Serena Williams. In conjunction with Ms. Williams’ role as a Partner in our sports and entertainment business, #ConselloStrive, Consello will advise Ms. Williams on all her business interests moving forward. https://lnkd.in/e_HtuzCF

Here’s to Strong Women: May We Know Them. May We Be Them. May We Raise Them. #internationalwomensday

The S&P 500 is currently at all time-highs and has closed higher in 16 of the last 18 weeks. This marks the longest streak of positive closes since 1971.   However, exiting the Q4 earnings season, we see potential divergence growing between positive market sentiment, with robust stock market growth largely driven by concentrated names and individual company performance. Download the full Q4 '24 Earnings Review here: https://lnkd.in/e5KFHPeX