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© Reuters. Despite the PT's action, the Embraer-Boeing company is expected to be finalized early 2019
Money Times – The badysis team of Bradesco BBI believes that the immediate suspension of Negotiations initiated by the Federal Court of São Paulo yesterday between Embraer (SA 🙂 and Boeing for the creation of a new company, should not hinder the progress of business, indicates a report sent to customers this Friday (7) .
The action was moved
"With this injunction, the two companies will not be able to create the joint venture, but they must continue to negotiate the terms of the agreement. made the decision claimed that the new president-elect should be able to badyze the transaction, "stress badysts Victor Mizusaki and Flávia Meireles.
Embraer estimates that even though it is the third largest exporter in the country, it is about to go bankrupt. "The future operation with Boeing is a real lifeline for Embraer."
Yet badysts point out that the judge is not against companies. "We expect the federal government and Embraer shareholders to approve the transaction in the first quarter of 2019," they said. The purchase recommendation was reiterated, with a price target of 28 USD.
From Money Times
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