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Boeing announces stock offering expected to raise up to $19 billion
Boeing announces stock offering expected to raise up to $19 billion
Economy
by  AFP

Boeing announced a stock offering on Monday expected to raise up to $19 billion, saying proceeds will go towards repaying debt and investing in its subsidiaries. Boeing announced an offer to sell 90 million shares of common stock -- valued at around $13.9 billion at current market prices -- in addition to $5 billion in depositary shares.