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Boeing Buying Stake in Brazil's Embraer for $4.2 Billion

Boeing is buying a majority stake in Embraer's commercial aircraft and services operations for $4.2 billion. The joint venture, announced Monday, gives Boeing 80 percent ownership of those operations, with Embraer owning the remaining stake. Boeing will have operational and management control of the company. Embraer will keep consent rights for some decisions, such as the transfer of operations from Brazil. The deal still needs approval from the Brazilian government, as well as...

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