Boeing, in Need of Cash, Looking to Raise Up to Approximately $19B in Offering

Boeing is looking to raise up to approximately $19 billion in a stock offering as the aerospace giant, which is dealing with a contentious strike, faces liquidity issues and tries to raise cash. Boeing Co. said Monday that it will offer 90 million in common stock and $5 billion in depositary shares. Last week Boeing factory workers voted to reject the company’s latest contract offer and to continue a six-week strike that has halted production of its bestselling jetliners.