BAE Systems abandons £28bn merger plans

British defence giant BAE Systems confirmed today that plans for a £28bn (€34.66bn) merger with French rival EADS have been scrapped.

BAE Systems abandons £28bn merger plans
Wed, 10 Oct, 2012 - 14:13

British defence giant BAE Systems confirmed today that plans for a £28bn (€34.66bn) merger with French rival EADS have been scrapped.

The deal would have created a defence titan with combined sales of £60bn (€74.3bn) and more than 220,000 staff, with around 52,000 employees in the UK.

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