A European mega-merger? Nein, danke

The Economist reports on a European mega-merger gone wrong between Britain’s BAE Systems and EADS, the Franco-German owner of Airbus. More than a bitter blow to the two companies, their proposed blooper of a €38 billion merger also dismantles hopes for the emergence of a more integrated European defence and aerospace industry. Although the intended merger would have been in the long-term strategic interests of both companies, the problem was the government shareholdings in the new entity…

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