Boeing eyeing Brazilian jet maker Embraer: report
American depositary receipts of Embraer SA jumped 25% Thursday after a report on The Wall Street Journal said Boeing Co. is in takeover talks with the Brazilian single-aisle aircraft maker. The deal would attach a relatively large premium for Embraer, according to the report, which cited people familiar with the matter. The talks are on hold as parties wait for indication whether the Brazilian government would approve the deal. According to the report, it is far from certain the Brazilian government would sign off on the combination, and there's a higher-than-usual probability that there won't be any deal. Embraer was state-owned until the 1990s. Shares of Boeing fell 0.5%.
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