BAE’s largest shareholder opposes EADS deal

The largest shareholder in BAE issued a long list of objections to the group’s proposed US$45 billion merger with EADS on Monday, including concerns over state interference, poor terms and a lack of strategic rationale.

In a scathing and lengthy statement, Invesco Perpetual said the deal could also have a negative impact on the British firm’s position in the United States, where it has unique access as a foreign firm to sensitive defence work.

via Business feed http://www.scmp.com/business/companies/article/1056384/baes-largest-shareholder-opposes-eads-deal