Post by caspday on Sept 14, 2012 8:44:35 GMT 1
Lagardère, a key shareholder in EADS, said Authentic Eagles Jerseyson Thursday it zyhaa914 would closely examine any tie-up between the owner of the planemaker Airbus and BAE before accepting any deal. The French media-to-aerospace group, which owns a 7.5% stake in EADS, said: "The Lagardère group intends to ensure that all consequences associated with the proposed EADS NV-BAE Systems plc merger are taken into consideration in determining the terms and conditions of the proposed transaction before it consents to the deal."
The regulatory concerns over the deal are twofold: theOfficial Eagles Jerseys clearing of any competition hurdles; and receiving clearance from multiple governments that have defence contracts with BAE and EADS. Guy Anderson, a defence analyst at IHS Jane's, said: "A merger between BAE and EADS is unlikely and wouldn't happen without a lot of trials and tribulations. It would have to navigate onerous regulatory hurdles and sell off many overlapping chunks along the way.
If it did go ahead it would create a goliath in terms Michael Vick Jerseysof scale, putting BAE/EADS ahead of Boeing in revenues, but there is no telling how much of the combined offering would have to be sold off to satisfy regulators."However, Anderson said political concerns might be less difficult to overcome, referring to BAE's statement that the UK government would receive a new golden share in the business, which would safeguard its defence interests. "There is a political dimension. The fact that the UK will keep a stake of sorts in the combined group bodes well and the UK-France defence pact shows that pragmatism can prevail."
Nick Cunningham, an analyst at Agency Partners, told the Desean Jackson JerseysFinancial Times that the deal would be a "tough sell" to the US government, BAE's biggest customer. He said it would be difficult to persuade them "that they should allow one of their top five prime contractors [BAE] to be part of a European group when one of their major concerns over the years has been about transfer of intellectual property".One of the biggest rivals of a combined BAE and EADS, Boeing, was relaxed about the deal on Wednesday night despite the raising of regulatory concerns.
Jim McNerney, Boeing's chief executive, said: "I have a pretty Nnamdi Asomugha Jerseysdeep and abiding faith in our company's strength, so I don't see this as something that is going to threaten us fundamentally." McNerney added that BAE and EADS were pursuing a strategy of balancing commercial and military units that Boeing and others were attempting to achieve as well. "It does reflect a global consolidation that is beginning to happen," he said.