BREAKING NEWS

BREAKING NEWS

BAE-EADS merger collapses

 Comments
Now Reading :

BAE-EADS merger collapses

BAE-EADS merger collapses
Text size Aa Aa

Talks to form the world’s biggest aerospace and defence company have collapsed.

Britain’s BAE Systems and the Franco-German EADS had been in final negotiations since yesterday on the 35-billion euro project.

In a statement, BAE said it had become clear that the interests of the governments could not be reconciled with each other nor the two companies, and the best thing was to end the discussions.