BAE Wants To Force Sale Of Airbus Stake | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Airborne Hi-Def On YouTube

Airborne 04.20.15

Airborne 04.21.15

Airborne 04.22.15

Airborne 04.23.15

Airborne 04.24.15

Tue, May 30, 2006

BAE Wants To Force Sale Of Airbus Stake

Needs Funds For Aerospace Firm Purchases

BAE systems is giving the European Aeronautic Defense and Space Company (EADS) an ultimatum over the company's intent to sell its 20 percent stake in aircraft manufacturer Airbus: "put" up, or shut up.

BAE announced its is preparing to exercise a "put" option, that would speed up the pace of negotiations over the sale of its stake in Airbus to EADS.

As Aero-News reported last month, EADS -- which already owns 80 percent of Airbus -- is seen as eager to buy out the British company's stake in the aerospace consortium... but talks over the price of the buyout have stalled in recent weeks.

England's Sunday Times reports the put option -- which went into effect when Airbus was set up as an industrial company -- would require each side to immediately appoint banking advisers... who would then have 14 days to reach a deal.

If a price isn't agreed upon within that time, a third-party bank would be called in to arbitrate the deal.

In the wake of fallout over rumors Airbus is preparing to scuttle the A350 and start over on a new design, EADS has lowered the valuation of BAE's stake in Airbus to approximately $3.5 billion... but BAE is reportedly demanding over one billion more.

BAE has stated it will use the funds from the sale to acquire US aerospace companies... such as last year's acquisition of United Defense Industries, an American tank and armored vehicle manufacturer.

FMI: www.baesystems.com, www.eads.com

Advertisement

More News

Airborne 04.24.15: DA62 Cert, Flt Design's C4, Sporty Transitions, 1st Flt Fight

Also: Legend Cub, Piper Orders, Postal UAVs?, IMC Club 'Brown Jacket Award', X-47B Refueling The Diamond DA62 has received its EASA Type certificate. After a sunny and warm day Wed>[...]

Airborne 04.23.15: Able Flight, Diesel Archer, RutanRC!

Also: United Bars Security Expert, Airborne Advisors, NTSB Video, Avidyne, Cessna, Airport Access Tempest Plus Marketing Group has announced support for Able Flight as a Platinum L>[...]

Aspen Avionics, True Innovators, Present SnF2015 Special Event Coverage!

SnF2015 Sponsor: Always-Innovative Aspen Avionics Aspen Avionics specializes in bringing the most advanced technology and capability into general aviation cockpits. Our products in>[...]

Amazing Amphib! Lakeland 2015 Sponsor Progressive Aerodyne Goes EVERYWHERE

Progressive Aerodyne Does it All -- Land, Sea and Sky! Explore 'no limits' living in the newly FAA certified Searey Elite Amphibious Light Sport Airplane. This distinctive aircraft>[...]

ANN's Daily Aero-Linx (04.26.15)

Aerospace Web Aerospaceweb.org is a non-profit site operated by engineers and scientists in the aerospace field. The goal of this site is to provide educational information on a va>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC