Further to the recent increase in jet-maker BAE Systems’ share price, BAE Systems and European aerospace firm EADS have confirmed that they are discussing a merger.
Early discussions between the parties have led to a package where BAE Systems shareholders would own 40% and EADS shareholders 60% of the enlarged group. There would be a unified board and management structure with identical boards and executive committees at each of BAE Systems, which makes the F-35 fighter jets and EADS, which owns…
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