Deals
Embraer Climbs After Commitments to Deal With Boeing Reiterated
- Brazilian planemaker’s ADRs gained as much as 31% in New York
- Embraer is taking all necessary steps to conclude the deal
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Shares of Embraer SA rallied for a second day after the aircraft maker and Boeing Co. reiterated their commitment to a joint venture to build smaller commercial jets.
Embraer continues to take all the “necessary actions” for the conclusion of its deal with Boeing, the Brazilian company said in a statement emailed to Bloomberg. The comment followed remarks from Boeing’s Chief Financial Officer Greg Smith on Tuesday.