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Report: Embraer shareholder files complaint against Boeing deal

Jul. 09, 2018 12:24 PM ETEmbraer S.A. (ERJ) StockBA, ERJBy: Carl Surran, SA News Editor9 Comments
  • An Embraer (ERJ +0.5%) shareholder reportedly has filed a complaint with Brazil’s securities regulator against a planned takeover of the company's commercial aircraft arm by Boeing (BA +1.8%).
  • The shareholder filed the complaint with regulator CVM late Friday, arguing that the deal would effectively grant control of ERJ to Boeing, against the company's statute that forbids any investor from owning 35% or more of its shares directly or indirectly, according to the Valor Econômico newspaper.
  • The report does not specify the size of the shareholder's stake in ERJ but said the stake was very small.

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