$45B BAE-EADS Merger Faces Shareholder Criticism

Law360, New York (October 1, 2012, 2:32 PM EDT) -- The proposed $45 billion merger between BAE Systems PLC and Airbus parent European Aeronautic Defence & Space Co. hit a snag Monday when EADS shareholder Lagardere SCA called the deal's terms “unsatisfactory” in a public statement.

The comment from the media company, which holds a 7.5 percent stake in EADS and whose CEO is chairman of the company, comes after weeks of heated talks between shareholders of both parties and the governments of the U.K., France and Germany over how the merger could affect the European...
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