Thursday, September 13, 2012

French and Germans launch £31bn swoop for British defence giant BAE Systems......Takeover or merger?

British defence giant BAE Systems is poised to fall into French and German hands in a £31billion deal.

In a late announcement yesterday, it was disclosed that talks between BAE and European Aeronautic, Defence & Space (EADS) are at an advanced stage.

BAE claimed the proposed deal would be a merger, but it would see its shareholders own 40 per cent of the combined group and EADS 60 per cent.

A consortium of aerospace and defence manufacturers from France, Germany and Spain, EADS is headquartered in Paris and Berlin. Read More