Boeing Acquisition of McDonnell Douglas Not a Reverse Merger
“Please fact check the claim that when McDonnell Douglas merged with Boeing, officially it may be claimed to be a merger, in reality McDonnell Douglas essentially bought Boeing with Boeing's own money.”
Summary
The 1997 transaction was structured as Boeing acquiring McDonnell Douglas, with Boeing issuing its own stock to pay for the deal. Official filings and antitrust reviews treat it as a merger/acquisition, not a purchase of Boeing by McDonnell Douglas. The notion that McDonnell Douglas bought Boeing with Boeing’s money is a tongue‑in‑cheek joke, not a factual description of the transaction.
Sources 60 searched
- -----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR
- -------------------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): The filing fee of $2,782,955 is calculated in accordance with Rule 0-11(c)(1) under the Securities Exchange Act of 1934 (the "Exchange Act") as follows: one-fiftieth of one percent of the value of the Boeing Common Stock to be issued to holders of McDonnell Douglas Common Stock in the transaction. The value of the Boeing Common Stock was determined in accordance with Rule 0-11(a)(4) under the Exchange Act based on the value of the McDonnell Douglas Common Stock to be acquired by The Boeing Company in the transaction.
- Statement of Chairman Robert Pitofsky and Commissioners Janet D. Steiger, Roscoe B. Starek III and Christine A. Varney in the Matter of The Boeing Company/McDonnell Douglas Corporation | Federal Trade Commission
Staff deposed McDonnell Douglas and Boeing officials responsible for marketing commercial aircraft, assessing their firms' financial conditions, and negotiating the proposed acquisition. Finally, the Commission staff reviewed hundreds of boxes of documents submitted by the merging companies and third parties, such as airlines and aircraft manufacturers. With respect to the commercial aircraft sector, our decision not to challenge the proposed merger ...
- The Boeing-McDonnell Douglas Merger: Competition Law, Parochialism, and the Need for a Globalized Antitrust System
On July 1, 1997, the Federal Trade Commission (FTC) closed its investigation of the merger of the Boeing Company (Boeing) and the McDonnell Douglas Corporation (McDonnell Douglas), essentially approving the merger. The proposed $14 billion merger was quite significant, as it would unite the ...
- The Boeing-McDonnell Douglas Merger
James R. Carroll, Aircraft Merger Christened: European Union Gives Blessing to Boeing · Co. Purchase of McDonnell Douglas Corp., AUSTIN AM.
- The European Commission's Decision on the Boeing ...
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- The Boeing/McDonnell Douglas Merger: the European ...
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- McDonnell Douglas - Wikipedia
In 1992, McDonnell Douglas unveiled a study of a double deck jumbo-sized aircraft designated MD-12. This study was perceived as merely a public relations exercise to disguise the fact that MDC was struggling under intense pressure from Boeing and Airbus. It was clear to most in the industry that MDC had neither the resources nor the money to develop such a large aircraft, and the study quickly sank without a trace.
- How Boeing Lost Its Bearings - The Atlantic
“McDonnell Douglas bought Boeing with Boeing’s money,” went the joke around Seattle. Condit was still in charge, yes, and told me to ignore the talk that somebody had “captured” him and was holding him “hostage” in his own office.
- The classic joke here is that McDonnell Douglas bought Boeing with Boeing's mone... | Hacker News
I really wish I could find the McBoeing stickers I was given when I worked as an outside contractor during the time of the merger. The stickers weren't standard issue swag but rather made by a frustrated employee, that said they were a common sight on toolboxes at various plants · I worked ...