BAE.L Share News (BAE)

BAE.L Information

There is currently no data for BAE

BAE merger talks go to the wire

Wed, 10th Oct 2012 11:01

Last ditch talks to salvage the 28 billion pound merger of BAE Systems and EADS were taking place on Wednesday as a deadline for the deal approached.The two firms have until 5pm (4pm GMT) to announce the terms of the merger or ask for more time to finalise their plans, under rules set down by the UK's City Takeover Panel.The main obstacle to a deal seems to be disagreement over the level of government ownership for the UK, France and Germany.There are reports that German Chancellor Angela Merkel is against the deal and that her government had demanded the joint firm be headquartered in Munich.UK Defence Secretary Philip Hammond said that France and Germany must reduce their stakes in EADS if the UK was to allow the merger to go ahead. However, Invesco, the largest shareholder in BAE, has also voiced "significant reservations" over the tie up and the impact it could have on shareholders. David Reeths, Director, Consulting for IHS Jane's, said that unless there was movement toward agreement on the core issue of government ownership, it was "only a matter of time until the companies announce that they are calling off the merger, at least for the time being". "Extending the deadline will not change the dynamics of the negotiation and would almost certainly weaken the positions of [Chief Executives] King and Enders going forward as it would signal they felt they had no other acceptable options," he said.Reeths said if the deal went through it could be "momentous" for the defence industry."Quite simply, this would set the stage for a true European defence industry that could be sustainable instead of the patchwork of unsustainable national defence industrial bases that currently exist," he said.

More News

23 Jun 2016 13:11

Thursday broker round-up

(ShareCast News) - Ascential: Goldman Sachs reiterates buy with a target price of 278p. Sophos: UBS keeps at buy with a 300p target. SSP Group: JP Morgan keeps at overweight with a target price of 335p. Vodafone: HSBC upgrades to buy with a target of 175p. Bae Systems: Berenberg downgrades to hol

27 Feb 2015 09:23

Beale Narrows Annual Loss And Improves Gross Margin, But Revenue Hit

20 Feb 2015 09:50

Beale Takeover Offer From English Rose Declared Unconditional

26 Jan 2015 12:28

English Rose Gets Binding Irrevocable Undertakings Over 34% Beale Stake

19 Jan 2015 14:04

Beale to accept cut-price takeover offer from Perloff

Department store operator Beales has reluctantly accepted a takeover offer from property entrepreneur Andrew Perloff. Perloff, who along with his family owns 29.72% of Beales, has offered 6p a share in cash, a 48% discount to Friday's close of 11.5p. The offer, which is carried out through a new ve

19 Jan 2015 13:25

UPDATE: Beale Board Backs Discounted Takeover By English Rose

19 Jan 2015 09:45

Beale Shares Plunge As Board Backs Discounted Takeover By English Rose

22 Sep 2014 15:38

Broker tips: BAE Systems, Tesco, Dairy Crest

Analysts at UBS believe BAE Systems is in the right segments of the defence industry – aerospace and high-end technology – to capitalise on the increased emphasis on higher technology military operations. That is manifestly the case when one looks at the recent 50 nations for Air Power

19 Sep 2014 08:04

Beale Says Group Sales Lower After Closing Loss-Making Stores

11 Sep 2014 13:00

Sector movers: Retailers fall as Next and Home Retail disappoint

Poorly-received updates from the likes of Next and Home Retail Group ensured that the UK-listed general retail sector was firmly in the red on Thursday afternoon. High street giant Next delivered a solid first half with both sales and profits ahead of the company's original expectations, but under a

7 Jul 2014 14:55

Sector movers: M&S caution, rate-hike speculation dampen retail stocks

General retail stocks were under the weather on Monday as investors showed nervousness ahead of results from High Street bellwether Marks & Spencer and reacted to rate-hike speculation. Shares in M&S were down 1% this afternoon before its fiscal first-quarter update due out Tuesday morning which wi

3 Jul 2014 11:42

Beale Pretax Loss Narrows, But Cautions On Tough 2014

3 Jul 2014 08:58

Beale self-help slims losses

- Reduces half-year losses - Recent trading boosted by UK recovery, self-help initiatives - Confident business is in process of turning around Department store operator Beale trimmed half-year losses and said recent trading has been bolstered by the improving UK economy and a number of self-help in

24 Apr 2014 07:41

UK MORNING BRIEFING: Unilever, AstraZeneca Suffer Weak 1st Quarters

LONDON (Alliance News) - UK shares have opened higher Thursday following strong results reported by US technology bellwethers Apple and Facebook overnight.

A number of major UK companies also reported early Thursday, but with a less positive tone.

Unilever Read more

24 Apr 2014 05:14

UK AGM, EGM Calendar - Week Ahead

UK AGM, EGM Calendar

Thursday, April 24

Latest Share Chat

BAE.L Share News (BAE)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

BAE merger talks go to the wire

Login to your account

Quickpicks are a member only feature

Login to your account