Boeing, Spirit Aero falls on UK probe into merger deal

Shares of Boeing BA.N down nearly 2% at $211 and Spirit Aerosystems SPR.N fall nearly 1% to $38 in early trade

Britains competition regulator on Monday started a Phase 1 investigation into BA's planned acquisition of Spirit Aerosystems, setting a deadline of Aug 28 for a decision

The Competition and Markets Authority (CMA) said last week that it was considering an investigation as they want to assess whether the deal could harm competition in the UK or other markets

Last year, Boeing agreed to buy back Spirit in a $4.7 bln all-stock deal, years after spinning off the key supplier

Including session moves shares of Boeing up 19.1% YTD and Spirit Aero up 12.8% YTD