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EADS Chief Underestimated Berlin as BAE Merger Fails

European Aeronautic, Defence & Space Co. Chief Executive Officer Tom Enders said he underestimated political opposition to a combination with BAE Systems Plc and vowed to review strategy after talks collapsed.

Enders, who is German, singled out Angela Merkel’s government as the stumbling block that contributed most to the merger’s downfall, saying in a letter to employees that “I’m ready to admit that we never expected to face such opposition against the deal, in particular not in Berlin.”