Spirit Aerosystems’ Letter From IRS Rules Boeing Merger as Reorg

Spirit AeroSystems received a letter from the Internal Revenue Service ruling its merger with Boeing will qualify as a reorganization.

• The IRS ruled
  • The merger will qualify as a “reorganization”
  • No gain or loss will be recognized by holders of Spirit common stock upon receipt of Boeing common stock in exchange for their Spirit common stock, except as relates to the receipt of cash in lieu of fractional shares
• Letter from the Internal Revenue Service was not a condition to the completion of the merger
• Spirit expects that Boeing and Spirit will report the Merger for US federal income tax ...