Don't miss

Replay


LATEST SHOWS

ENCORE!

Turkish writer Aslı Erdoğan speaks out about her time behind bars

Read more

REVISITED

Video: Threat of economic crisis still looms in Zimbabwe

Read more

BUSINESS DAILY

DAVOS 2017: Has the bubble burst?

Read more

BUSINESS DAILY

DAVOS 2017: Summit overshadowed by geopolitical changes

Read more

BUSINESS DAILY

DAVOS 2017: 'Mixed messages' from Trump, says Maersk CEO

Read more

FOCUS

Video: Meeting anti-Trump activists

Read more

REPORTERS

Burundi: Fear and Exile

Read more

BUSINESS DAILY

DAVOS 2017: Urban-rural divide defies populist wave

Read more

BUSINESS DAILY

DAVOS 2017: Will Trump turn to 'energy diplomacy'?

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)