Gernot's Feed
Oct 1, 2012

EADS/BAE merger demands erupt as talks intensify

BERLIN/PARIS (Reuters) – Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) and arms group BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) must restructure a $45 billion merger, a top shareholder said, as a government source threatened that Britain would block talks to create the world’s biggest defense company unless its demands were met.

Faced with a steep drop in global defense spending, EADS and BAE are re-examining a tie-up to create a European giant to compete with American heavyweights such as Boeing (BA.N: Quote, Profile, Research, Stock Buzz) which almost came about in the late 1990s.

Sep 29, 2012

Germany puts forward demands in EADS-BAE talks

BERLIN (Reuters) – Plans to create a new European defence giant entered a crucial political phase on Friday as Germany prepared to seek equal standing with France in a planned $45 billion merger of Airbus parent EADS (EAD.PA: Quote, Profile, Research) and Britain’s BAE Systems (BAES.L: Quote, Profile, Research).

Ending days of uncertainty while Berlin weighed its attitude to the merger, a German official said the government was ready to send its proposals to France, its main partner in EADS and Europe, in a starting signal for detailed discussions.

Sep 28, 2012

Germany to make proposals to France on EADS-BAE merger

BERLIN (Reuters) – Germany will present France with a list of proposals concerning the planned merger of European aerospace group EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) and British defense contractor BAE Systems Plc (BAES.L: Quote, Profile, Research, Stock Buzz), a German government source said on Friday.

The proposals, agreed by Chancellor Angela Merkel’s office and the economy ministry, are aimed at preserving a balance of power between the two countries in a merged company, the source said.

Sep 19, 2012

France, Germany to seek common position on EADS-BAE

BERLIN/FRANKFURT (Reuters) – The leaders of France and Germany will seek a common position at a series of meetings this week on a $45 billion defense merger that could involve them having to giving up strategic influence in aerospace group EADS (EAD.PA: Quote, Profile, Research, Stock Buzz).

After talks on a tie-up between EADS and Britain’s BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) were leaked last week, government officials from across Europe have this week been setting out their views on the deal.

Sep 13, 2012

Investors see obstacles, risks to BAE-EADS tie-up

PARIS/BERLIN, Sept 13 (Reuters) – Shares in EADS
and Britain’s BAE Systems tumbled on Thursday as
investors feared that a planned tie-up aimed at creating the
world’s biggest defence and aerospace group could run up against
political and regulatory obstacles.

If talks unveiled late on Wednesday culminate in a deal, BAE
shareholders would hold 40 percent and EADS investors 60 percent
in a giant with products ranging from Airbus commercial planes
to Typhoon warplanes and BAE’s Astute-class nuclear-powered
submarines.

Sep 13, 2012

BAE, EADS talks may spur more mergers

PARIS/BERLIN (Reuters) – Shares in EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) and Britain’s BAE Systems (BAES.L: Quote, Profile, Research, Stock Buzz) tumbled on Thursday as investors feared that a planned tie-up aimed at creating the world’s biggest defense and aerospace group could run up against political and regulatory obstacles.

If talks unveiled late on Wednesday culminate in a deal, BAE shareholders would hold 40 percent and EADS investors 60 percent in a giant with products ranging from Airbus commercial planes to Typhoon warplanes and BAE’s Astute-class nuclear-powered submarines.

Sep 10, 2012

Euro zone may collapse if states reject reforms: German trade association

BERLIN (Reuters) – The euro zone could break up if people living in crisis-stricken southern European countries do not accept structural reforms in the coming years, the head of Germany’s BGA trade association said on Monday.

Anton Boerner also dismissed concerns that Germany, Europe’s largest economy, could sink into recession in 2012 and said he expected German exports to increase both this year and next.

Sep 10, 2012

Euro zone may collapse if states reject reforms-German trade assn

BERLIN, Sept 10 (Reuters) – The euro zone could break up if
people living in crisis-stricken southern European countries do
not accept structural reforms in the coming years, the head of
Germany’s BGA trade association said on Monday.

Anton Boerner also dismissed concerns that Germany, Europe’s
largest economy, could sink into recession in 2012 and said he
expected German exports to increase both this year and next.

Aug 1, 2012

U.S. raises pressure for euro zone crisis action

FRANKFURT/BERLIN, Aug 1 (Reuters) – The United States raised
pressure on euro zone leaders to take decisive action to solve
the region’s debt crisis, notably by lowering troubled members’
borrowing costs, on the eve of a crucial European Central Bank
meeting.

U.S. Treasury Secretary Timothy Geithner said the euro zone
must take steps including “bringing down interest rates in the
countries that are reforming and making sure those banking
systems can provide the credit those economies need”.

Jul 30, 2012

US, Germany hopeful on euro reforms after island talks

MUNKMARSCH, Germany, July 30 (Reuters) – German Finance
Minister Wolfgang Schaeuble and U.S. counterpart Timothy
Geithner said on Monday they were confident the countries of the
euro zone would implement reforms needed to overcome their
sovereign debt crisis.

In a statement issued after talks on a blustery German
island in the North Sea where Schaeuble is holidaying, the two
men said their countries would cooperate closely to stabilise
the global and European economies.