The largest shareholder in BAE Systems has spoken out about the proposed merger, saying that it “does not understand the logic for the proposed combined company.”
Invesco Perpetual, which holds 13.3% equity in the UK-based defence firm, has released the latest round of fire on the BAE Systems-EADS merger. In a statement to the London Stock Exchange, it said it was “very concerned that the level of state shareholding in the combined group will heavily impair its commercial prospects – especially…
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