A deal between the two companies is imminent according to reports.
The problem has been the Brazilian Government doesn’t want to let the business jet and military business fall into Boeing ownership.
A new contract will separate the Boeing acquired civil aircraft operations, and appropriate staff into a new company. It will give Boeing complete control of the E-Series programmes development and sales.
In many ways the acquisition of Embraer by Boeing and the CSeries by Airbus is a sad day. It extends their duopoly and effectively kills almost all Western civil aviation development of 100+ seaters outside of the aviation giants.