Arab Today, arab today bae systems in merger talks with eads
Last Updated : GMT 15:50:29
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BAE Systems in merger talks with EADS

Arab Today, arab today

Arab Today, arab today BAE Systems in merger talks with EADS

London - AFP

British arms manufacturer BAE Systems and European aicraft manufacturer EADS are holding talks over a possible merger, the pair announced on Wednesday. \"Further to the recent movement in BAE Systems\' share price, BAE Systems plc and EADS confirm that they are in discussions regarding a possible combination of their businesses,\" said in a joint statement, adding that the talks envisaged BAE Systems owning 40 percent of the enlarged group, with EADS holding a majority 60-percent stake.

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