Brazil judge freezes Boeing-Embraer deal. AgainStaff Writer | December 20, 2018
A Brazilian judge on Thursday issued his second injunction blocking the proposed sale of 80 percent of planemaker Embraer’s commercial aviation division to Boeing.
LatAm Embraer said it “will take all necessary judicial measures”
Embraer said it “will take all necessary judicial measures” to overturn the injunction. Boeing declined to comment.
Boeing and Embraer said on Monday they had finalized the terms of the agreement, increasing the valuation of the Brazilian planemaker’s commercial division to $5.26 billion, citing higher closing costs. The net proceeds will remain the same. ■