Go Symbol Lookup
Loading...

UPDATE 1-EADS-BAE will not ask for more merger talks - sources

 Text Size  
Published: Wednesday, 10 Oct 2012 | 8:00 AM ET

(Adds quote) By Sophie Sassard LONDON, Oct 10 (Reuters) - EADS and BAE Systems

will not ask for an extension to their merger talks on Wednesday, sources close to the negotiations said, calling an end - for now - to a plan to create the world's largest defence and aerospace company.

"We will not be filing for an extension. It's over," one of the sources said.

The two companies had until 1600 GMT to ask for an extension to the talks, which have come up against fierce governmental opposition as France and Germany sought to maintain control while Britain wanted less state ownership.

(Reporting by Sophie Sassard; Writing By Jane Barrett)

((jane.barrett@thomsonreuters.com)(+44 20 7542 3666)(Reuters Messaging: jane.barrett.thomsonreuters.com@reuters.net))

Keywords: EADS BAE/TALKS

 Print
By Sophie Sassard LONDON, Oct 10- EADS and BAE Systems. will not ask for an extension to their merger talks on Wednesday, sources close to the negotiations said, calling an end- for now- to a plan to create the world's largest defence and aerospace company.
  Price   Change %Change
BA. ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments: