Boards Meet to Consider EADS Deal
October 9, 2012
The boards of Airbus parent European Aeronautic Defence & Space Co. EAD and British defense giant BAE Systems met late Tuesday to discuss their proposed merger before a critical deadline, as senior European officials cited progress in government talks on how the deal would be structured.
French Defense Minister Jean-Yves Le Drian said his government has made progress with Britain and Germany on terms for the proposed linkup. Speaking on the sideline of a summit of North Atlantic Treaty Organization defense ministers in Brussels, he said it remained unclear whether the progress achieved so far was sufficient to satisfy the two companies.