On Wed, 23 Feb 2005 13:26:13 GMT, Larry Dighera
wrote in ::

On Wed, 23 Feb 2005 03:12:39 GMT, George Patterson
wrote in ::


"We thought Onex was the right buyer, at the right time, because of their track
record working with employees, the unions, the community and their track record
growing companies," said Jim Morris, senior vice president of supplier
management for Boeing Commercial Airplanes.

I'll bet part of Boeing's motivation was due to the discrimination
suites brought by its employees.

More news:

Canadian leveraged buyout firm ONEX CORP. will buy BOEING CO.'s
commercial airplane manufacturing operations in Kansas and
Oklahoma in a C$1.5 billion ($1.3 billion) transaction, the
companies said. Onex said the deal will include about C$1.1
billion in cash plus the assumption of liabilities. It said
senior management of the business will be investors and owners
along with Onex. The purchased operations include Boeing's
commercial airplane manufacturing facilities in Wichita, Kan.,
and Tulsa and McAlester, Okla. The new business will enter into
long-term supply agreements with Boeing. Boeing's defense
systems businesses in Wichita and in Oklahoma are not included
in the transaction.
(Reuters 05:35 PM ET 02/22/2005)

Mo
http://q1.schwab.com/s/r?l=248&a=105...a&s=rb050 222

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