EADS Mulling BAE Merger To Form Aerospace, Defense Titan

Law360, New York (September 12, 2012, 3:38 PM EDT) -- BAE Systems PLC and Airbus parent European Aeronautic Defence & Space Co. are in merger talks, they said Wednesday, considering a deal that would spawn an aerospace and defense titan that, based on last year's figures, could generate €73 billion ($94 billion) in annual revenues.

In a statement to the London Stock Exchange, the companies confirmed the talks but cautioned that a deal was far from done and could not be guaranteed. Still, they sketched out a loose post-transaction framework that would give Dutch-owned EADS a...
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