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Thursday, May 24, 2007

Spirit to Offer 31.5 Million Shares

According to the The Wichita Eagle, Spirit AeroSystems plans to complete a secondary stock offering of about $1.1 billion, which is expected to close on May 25. The 31.5 million shares of stock will be sold at $33.50 a share. Onex Corp. formed Spirit in 2005 and hopes to raise $978 million when it sells 29.2 million shares. However, Onex will continue to own nearly 32.1 million shares valued at $1.08 billion. For Related News
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