Reuters Boeing has offered to acquire Spirit AeroSystems Holdings in a deal funded mostly by stock that values its key supplier at about 35 per share, Bloomberg News reported on Monday, citing people familiar with the matter.

This offer represents a premium of nearly 6 over Spirit39;s stock closing price of 33.07 on Monday and a 22.4 upside to its closing price on Feb. 29, the day before Boeing39;s takeover talks became public.

Boeing switched its offer from an allcash one and while the final terms of the latest offer are still being discussed, it could include a small amount of cash, Bloomberg reported, adding the deal is expected to be announced within a matter of days.

Spirit said it remains focused on providing the best quality products for our customers. Boeing did not immediately respond to a Reuters request for comment.

Boeing initiated talks earlier this year to buy back the Wichita, Kansasbased supplier it spun off in 2005, seeking to stabilize a key part of the supply chain for its strongestselling jet following a midair blow out on a new 737 MAX in January.

Boeing has said it is buying back Spirit to secure safety and quality in its plants, after blaming Spirit for sending incomplete or faulty parts to its factories.

However, talks hit a stumbling block over Spirit39;s work for Airbus, with the European group threatening to block any deal that involved Boeing building parts for its newest models.

The deal will require Spirit to spin off some of its…