What's Important in the Financial World (10/10/2012)
Oct 10th 2012 6:29AM
Updated Oct 10th 2012 8:35AM
It has only been a few weeks since BAE Systems and EADS proposed to merge. But objections by large investors, as well as some of the nations that have many employees from one or the other firm, have voiced concerns about shareholder value and the future of jobs.
EADS and BAE Systems are engaged in a final push to rescue their $45 billion aerospace merger from the political jockeying that threatens to sink it, as doubts grow over German backing for the deal.
The European companies have until 12 noon EDT on Wednesday to declare their intentions and either scrap their merger or ask UK regulators for more time or finalize their plans to create the world's largest aerospace and arms group.
Douglas A. McIntyre