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EADS NV and BAE Systems plc Discuss Possible Business Combination


Wednesday, 12 Sep 2012 01:37pm EDT 

EADS NV announced that, in response to recent speculations and in the reaction to announcement of BAE Systems plc, it confirms that EADS NV is considering the possibility of business combination with BAE Systems plc. However, it is a subject of EADS NV's Board of Directors approval and there is no certainty regarding the implementation of the discussed transaction. BAE Systems plc informed on September 12, 2012 that EADS NV and BAE Systems plc are in discussions regarding a possible business combination. This combination could be implemented through creation of a new company, which would be dually-listed. BAE Systems plc would hold 40% and EADS NV 60% of new company. 

Company Quote

424.7
4.7 +1.12%
11:14am EDT