France, Germany Sign On To EADS Structural Overhaul

Law360, New York (December 5, 2012, 9:00 PM EST) -- EADS NV’s core shareholders and board of directors reached an agreement that will substantially change the structure of the company, lowering the ownership stakes of the French, German and Spanish governments by making more than 70 percent of shares available to other parties, the company said Wednesday.

Under the new arrangement, which is subject to approval by all of the company’s shareholders, France and Germany will each hold 12 percent of EADS stake, while Spain will own 4 percent.

The deal also calls for a buyback...
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