Wednesday, October 10, 2012

No Mega Merger Of Defense Giants BAE Systems And EADS

Astute class submarines, Artful, left, and Ambush, right, being built by BAE Systems. Photo: BAE Systems

BAE And EADS Ditch £28bn Mega Merger -- The Telegraph

The £28bn mega-merger between British defence giant BAE Systems and EADS has collapsed after governments blocked the deal to create the world's biggest aerospace and defence company.

The companies said that while they had agreed the principal terms of a merger, convincing governments in Germany, France and Britain to approve a deal had become a major sticking point.

"It has become clear that the interests of the parties' government stakeholders cannot be adequately reconciled with each other or with the objectives that BAE Systems and EADS established for the merger," the companies said in a statement..

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More News On The Collapse Of The BAE And EADS Merger

BAE and EADS merger collapse: How it all unfolded -- The Telegraph
EADS, BAE call off world's biggest arms merger -- Reuters
BAE Systems, EADS End Merger Talks -- Wall Street Journal
EADS-BAE Pull Plug on Merger After Governments Balk -- Bloomberg Businessweek
EADS/BAE merger talks break down
-- Defense News
BAE, EADS Walk Away from $45B Merger
-- FOX News/Reuters
Proposed BAE-EADS merger called off -- Bloomberg Businessweek/AP
BAE-EADS merger cancelled amid political impasse -- BBC
EADS, BAE call off world's biggest arms merger -- CNBC
BAE, EADS scrap merger talks on lack of govt accord -- AFP
EADS-BAE Pull Plug on Merger After Governments Deny Backing -- SFGate/Bloomberg
BAE Systems and EADS Abandon Merger Talks -- New York Times
BAE, EADS drop $45 billion merger plan -- CNN
EADS-BAE Systems Call Off Talks: Here’s Their Wistful Statement -- Wall Street Journal
Germany feared being left on the sidelines in BAE-EADS merger: Analysts - -Economic Times
BAE/EADS merger off as Angela Merkel refuses to endorse deal -- The Guardian
How Germany killed the merger of BAE and EADS -- Robert Peston, BBC

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