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Archer Aviation shares jump nearly 10% on deal to acquire Boeing’s Wisk, two other units
Archer Aviation shares jumped nearly 10% on Monday after the air-taxi maker agreed to acquire Boeing’s electric aircraft business Wisk Aero and two other units in exchange for a nearly 20% stake in Archer, Reuters reported.The stock opened at $6.41 and traded between $6.08 and $6.87 during the session, climbing as much as 14% in morning trading.The deal also includes drone manufacturer Insitu and airspace-services provider SkyGrid, giving Archer access to Boeing’s autonomous-flight technology a…
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