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

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 06.22.17

Airborne 06.19.17

Airborne 06.20.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.20.17

Airborne-YouTube

AMA 06.22.17

Airborne 06.19.17

Airborne 06.20.17

Airborne 06.21.17

Airborne 06.22.17

Airborne 06.23.17

Airborne-Unmanned 06.20.17

XPONENTIAL Innovation Preview -- www.allthingsunmanned.com

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-Unmanned 06.20.17: UAS Orgs v Bad Regs, Anti-Collision, Drone Race $$

Also: Solar-Powered UAS, NK Drone, UAS Survey, Brian Wynne Interview The team at AUVSI is staying plenty busy as they and 13 other organizations authored a letter to members of Con>[...]

AMA Drone Report 06.22.17: FAA Reauthorization, Rotor Riot Int'l, DRL on ESPN

Also: Drones at Oshkosh!, Drone Regulatory Effort, AMA Drone Report-Help Wanted, Aero-TV: MultiGP Drone Racing The House of Representatives has published initial language to reauth>[...]

Airborne 06.23.17: Airbus 'Racer', RANS 'Fly To Work', Boater v Floatplane

Also: House ATC Bill, Golda Cox, Boeing Forecast, Concorde Battery, C-130J-SOF, SpiceJet, Flt School Closure Airbus Helicopters has unveiled their ‘Racer’ -- which stan>[...]

Airborne 06.22.17: GA v House ATC Bill, 737 MAX 10, Solar Impulse 2 Anniversary

Also: ATC Opposition, Want to Be An Aero-Stringer?, CAP's Next CEO, Hypersonic Jet, Spring Airlines, Leonardo, 505 Jet Ranger X Following Wednesday’s release of the language >[...]

Airborne 06.23.17: Airbus 'Racer', RANS 'Fly To Work', Boater v Floatplane

Also: House ATC Bill, Golda Cox, Boeing Forecast, Concorde Battery, C-130J-SOF, SpiceJet, Flt School Closure Airbus Helicopters has unveiled their ‘Racer’ -- which stan>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC