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BAE, EADS Confirm Merger Talks
Wednesday, September 12, 2012 12:00
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EADS and BAE Systems have revealed today that they are in talks for a potential merger. Were they to proceed under currently proposed terms, BAE shareholders would end up owning 40% of the resulting group, with 60% for owners of EADS shares. EADS’ board has yet to review the deal. The French, German and British governments would be issued special shares in the combined entity. Some programs would also need to be ring-fenced to accommodate US national security imperatives, by EADS’ own admission. Besides political considerations, such a momentous merger would no doubt take months to get regulatory approval on both sides of the Atlantic. (more…)
2012-09-12 11:50:19
Source: http://www.defenseindustrydaily.com/bae-eads-merger-talks-07527/
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