EADS Rules Out New Merger Talks with BAE | Aviation International News

EADS Rules Out New Merger Talks with BAE

Tom Enders was unrepentant about the abortive merger with BAE Systems at the EADS annual results press conference. But he confirmed that no second round of talks with BAE is likely. (Photo: EADS)

By Chris Pocock • Defense Correspondent

March 1, 2013

Contrary to recent speculation in the financial press, EADS has no intention of reviving the merger talks with BAE Systems that were aborted last October. “It’s not on our radar; we’re both moving on,” said Tom Enders, CEO of EADS. “All the stars were aligned last summer, or so we thought. But at least one proved to be missing,” he continued, in a reference to the German government’s opposition to the merger. He made no reference to the negative reaction of significant private shareholders on both companies to the plan.

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