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Saturday, September 15, 2012
Possible BAE, EADS merger in works
Two of Europe's largest defense and aerospace groups may merge their businesses, a move that would significantly affect the sector worldwide if completed.
British company BAE Systems PLC and EADS NV, which has headquarters in the Netherlands, indicated the discussions were beyond the preliminary stage.
They also cautioned that any merger agreement would need approval from a number of governments as well as customary approvals from their respective boards of directors and stockholders.
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