Deals
EADS Plan for BAE Merger Fails to Cheer Investors
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European Aeronautic, Defence & Space Co. and BAE Systems Plc declined on concern their proposed merger would struggle to deliver cost savings and penetrate the key U.S. defense market.
Airbus SAS parent EADS slumped 10 percent in Paris, while BAE fell 7.3 percent in London. EADS, which has twice the revenue of BAE, would control 60 percent of the new entity and the U.K. company the rest, they said yesterday.