LONDON, Oct 10- Britain's BAE Systems is not looking for a tie-up with another company following the collapse of its $45 billion merger talks with Airbus parent EADS, its chief executive and chairman said on Wednesday.
LONDON, Oct 10- EADS defended its failed efforts to forge a $45 billion merger with BAE Systems on Wednesday, noting progress had been made with some governments and shareholders but that the German government had not spelled out why it opposed the deal. "No firm reason has been given for the German opposition," an EADS spokesman said. "
FRANKFURT, Oct 10- German automotive group Daimler remains in talks with the German government to lower its stake in European aerospace group EADS by selling a 7.5 percent holding to state-owned development bank KfW. "We still aim to further reduce our stake in EADS this year," said a Daimler spokesman on Wednesday.
PARIS, Oct 10- French President Francois Hollande said on Wednesday that a decision to end merger talks between EADS and Britain's BAE Systems lay with those companies and the government's intervention was limited to stating its conditions.
BERLIN, Oct 10- Germany will continue talks to take over shares in European planemaker EADS from carmaker Daimler through the KfW state development bank, the government said after merger talks between EADS and BAE Systems collapsed.
*Sources said Germany opposed the $45 billion aerospace merger. LONDON, Oct 10- EADS and BAE Systems called off the world's largest defence and aviation merger on Wednesday, and sources close to the talks blamed Germany for wrecking the $45 billion deal. "Germany blocked the deal, although all demands from the German side were met.
BIRMINGHAM, England, Oct 10- Britain's business department said on Wednesday the proposed merger of BAE and EADS had commercial logic of but only if it met the interests if all parties. The department said both firms would continue to be successful independent companies with a presence in Britain despite the collapse of the deal.
BAE Systems plc and EADS N.V.. Termination of talks regarding the possible merger of BAE Systems and EADS.
*Companies say they have terminated discussions* Sources said Germany opposed the $45 bln aerospace merger* UK Takeover Panel deadline at 1600 GMT* BAE shares down 2.5 pct, EADS up 2.5 pct By Sophie Sassard and Jason Neely.
LONDON, Oct 10- 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.
BIRMINGHAM, England, Oct 10- British Defence Minister Philip Hammond said on Wednesday he expected an announcement on a proposed merger between EADS and BAE "any minute".
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.
BERLIN, Oct 10- German Chancellor Angela Merkel's government declined to comment on talks on a planned merger between European planemaker EADS and Britain's BAE Systems as negotiations stalled before a deadline on Wednesday.
LONDON, Oct 10- EADS and BAE Systems.
*Doubts over German backing for $45 bln aerospace merger* UK Takeover Panel deadline at 1600 GMT* BAE shares down 0.9 pct By Sophie Sassard and Jason Neely.
LONDON, Oct 10- British Defence Minister Philip Hammond said on Wednesday a decision on a proposed merger between EADS and BAE was in the companies hands and that the government was awaiting their verdict. "We are waiting for an announcement from the companies- the companies are dealing with it now," Hammond told Reuters when asked about the proposed merger.
PARIS, Oct 10- Talks over a merger between EADS and BAE Systems were blocked on Wednesday a few hours ahead of a deadline and only intervention by the French, German and British leaders could break the deadlock, sources familiar with the negotiations said.
PARIS, Oct 10- Talks are still ongoing between Germany, France and the UK regarding a proposal to merge European aerospace and defence group EADS with Britain's BAE Systems, France's government spokeswoman said on Wednesday. A decision is to be announced later today, "Najat Vallaud-Belkacem told a weekly media briefing.
*Doubts over German backing for $45 bln aerospace merger* UK Takeover Panel deadline at 1600 GMT* BAE shares down 1.6 pct By Sophie Sassard and Jason Neely LONDON, Oct 10- EADS and BAE Systems.
BERLIN, Oct 10- European planemaker EADS has no plans to issue a statement on its planned merger with Britain's BAE Systems on Wednesday morning and the companies have until 1600 GMT time to declare their intentions, said a spokesman.