Boeing yesterday signed a definitive agreement to purchase aviation parts and services provider Aviall for $48 per share or $1.7 billion plus the assumption of $350 million in debt. Dallas-based Aviall, which generated revenues of $1.3 billion in 2005, will operate as a wholly owned subsidiary of Boeing Commercial Aviation Services once the cash transaction closes, likely in the third quarter. Boeing said the purchase is expected to be "modestly accretive" to its 2007 earnings and will have ...

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