Seeking Alpha is reporting that the United Kingdom's Competition and Markets Authority (CMA) has formally cleared Boeing's $4.7 billion all-stock acquisition of Spirit Aerosystems . This decision comes after the CMA concluded the review phase of an investigation into the acquisition. This was completed ahead of the August 28 deadline.

The approval comes at a critical point for Boeing, which has been struggling financially and faced reputational damage due to quality control issues. Reintegrating Spirit AeroSystems , which was spun off from Boeing in 2005, is viewed as a key component in Boeing's goal to improve production control, as well as boost the company's overall financial performance.

The UK's Probe Of The Acquisition

The CMA initiated a formal inquiry into the acquisition

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