Don't miss

Replay


LATEST SHOWS

FRENCH CONNECTIONS

Malbouffe: understanding junk food à la française

Read more

IN THE PAPERS

Lebanon repeals 'rape law', but activists say more is needed to protect women

Read more

BUSINESS DAILY

US business leaders abandon Trump after Charlottesville

Read more

IN THE PAPERS

'Why do French people smoke so much?'

Read more

MEDIAWATCH

Trump's 'unprecedented transgression'

Read more

EYE ON AFRICA

Kenya’s opposition leader to take poll dispute to Supreme Court

Read more

THE DEBATE

US racial tensions: How far should freedom of speech be stretched?

Read more

THE DEBATE

Burkina Faso attack: How to restore security in the Sahel region?

Read more

THE DEBATE

India and Pakistan mark 70 years of independence: Can the two countries ever reconcile?

Read more

Business

EADS and BAE’s $45bn merger talks collapse

Latest update : 2012-10-10

Britain’s BAE and the French-German consortium EADS have abandoned plans to merge and form the world’s largest aerospace and arms group, BAE said in a statement Wednesday, adding that France and Germany’s interests could not be reconciled.

Talks on a $45 billion merger of EADS and BAE Systems collapsed on Wednesday when the governments of France, Germany and Britain failed to reach agreement over a deal to create the world’s largest aerospace and arms group.

Britain’s BAE and the Franco-German EADS had been working towards a 1600 GMT deadline to either walk away from the talks or seek an extension.

In a statement, BAE said it had become clear that the interests of the governments could not be adequately reconciled with each other or with the objectives that BAE and EADS established for the merger.

“BAE Systems and EADS have therefore decided it is in the best interests of their companies and shareholders to terminate the discussions and to continue to focus on delivering their respective strategies,” it said.

(Reuters)
 

Date created : 2012-10-10

  • BUSINESS

    EADS-BAE talks resume as critical deadline looms

    Read more

COMMENT(S)