BAE Systems in merger talks with EADS
London - AFP
British arms manufacturer BAE Systems and European aicraft manufacturer EADS are holding talks over a possible merger, the pair announced on Wednesday. "Further to the recent movement in BAE Systems' share price, BAE Systems plc and EADS confirm that they are in discussions regarding a possible combination of their businesses," said in a joint statement, adding that the talks envisaged BAE Systems owning 40 percent of the enlarged group, with EADS holding a majority 60-percent stake.
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