U.K.: Aerospace giants abandon merger talks due to government opposition

By CPI | October 10, 2012

Aerospace giants EADS and BAE, which manufactures Airbus passenger aircrafts, ended merger talks on Wednesday due to strong government opposition to the deal. The deal would create an industry colossus with a combined market value of $50 billion. The decision to end merger talks came hours before the British authorities’ deadline to decide whether to proceed with a deal.