EADS-BAE merger talks enter critical phase

Political wrangling between Germany, France and Britain has entered a critical phase ahead of an imminent deadline for a merger of EADS and BAE to create the world’s top aerospace and arms group.

Talks have hit a snag over the capitalisation of the new entity fusing BAE Systems with the aerospace group EADS, which will have a dominant presence in global markets, and other emotive issues.

EADS, which makes Airbus jets, and BAE Systems announced plans on September 12 to create a US$45-billion (35-billion-euro) giant to rival US rival Boeing.

via Business feed http://www.scmp.com/business/companies/article/1056312/eads-bae-merger-talks-enter-critical-phase