Boeing Kicks Off Stock Sale That Could Raise Around $19B

KEY TAKEAWAYS Boeing on Monday launched the sale of around $19 billion in stock and depositary shares, as the troubled plane maker seeks to shore up its finances amid a crippling strike by its union machinists. Boeing said it will sell 90 million shares of common stock. That would amount to $13.95 billion if the shares are valued at their Friday closing price of $155.01 each. Boeing also is offering $5 billion in depositary shares. Boeing (BA) on Monday launched the sale of around $19 billion in stock and d ...