EADS, BAE abandon merger talks
Aerospace and defence companies EADS and BAE Systems have abandoned their merger negotiations after failing to win government backing for the deal
Aerospace and defence companies EADS of France and Britain's BAE Systems have abandoned their merger negotiations after failing to win government backing for the deal.
“Discussions with the relevant governments had not reached a point where both companies could fully disclose the benefits and detailed business case for this merger,” BAE said in a statement today, as a deadline neared with no accord in sight.
The attempt to build an equal to Boeing...
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