Company: SPR
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001364885-25-000011
Chunk: 137

Company: Spirit AeroSystems Holdings, Inc.
Filing Date: 2025-10-31
Form: 10-Q
Item: Part I, Item 1
Chunk 137
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dn. Bhd. (“CTRM”)

On August 8, 2025, Spirit and CTRM, a Malaysian private limited company, and, solely for the purposes set forth therein, DRB-HICOM Berhad, a Malaysian public limited company (“Parent”), entered into a Stock and Asset Purchase Agreement (the “Agreement”) providing for, among other things, CTRM to acquire from Spirit all of the outstanding equity interests in Spirit AeroSystems Malaysia Sdn. Bhd., a Malaysian private limited company (“Spirit Malaysia,” and such transaction, the “Transaction”).

Pursuant to the Agreement, the aggregate purchase price to be paid by CTRM in the Transaction is $95.2 million in cash, subject to specified adjustments as set forth in the Agreement.

The closing of the Transaction (the “Malaysia Closing”) is subject to the approval of CTRM as a purchaser of the business of Spirit Malaysia by (i) the European Commission, either as part of its conditional approval decision of the acquisition of Spirit by Boeing or following its conditional approval decision of Boeing’s acquisition of Spirit pursuant to Boeing’s commitment vis-à-vis the European Commission to seek purchaser approval for the divestiture of the business of the Spirit Malaysia and (ii) the United States Federal Trade Commission, in each case, in their review of the transactions contemplated by the June 30, 2024 merger agreement between Spirit AeroSystems Holdings, Inc. and Boeing and the ancillary agreements in connection therewith (the “Purchaser Approval Condition”). The Malaysia Closing is also subject to certain customary closing conditions, including (a) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and, if applicable, the receipt of other specified governmental approvals necessary for the consummation of the Transaction (the “Regulatory Condition”), (b) the absence of any law or order issued by a governmental entity that prohibits the Malaysia Closing (a “Closing Legal Impediment”), (c) subject to qualifications as to materiality, the accuracy of the representations and warranties made by Spirit and CTRM, respectively, (d) the performance in all material respects by each Spirit and CTRM of their respective obligations under the Agreement (subject to specified exceptions) and (e) the approval by the shareholders of Parent of CTRM’s and Parent’s entering into, and performing their respective obligations under, the Agreement and other specified transaction documents and