EADS chief: offering Germany, France, Britain equal rights in merged company with BAE
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The chief executive of EADS says Germany, France and Britain are being offered equal rights and a right to veto hostile takeovers in the company that would emerge from a proposed merger with BAE Systems PLC.
EADS NV's Tom Enders is working hard to drum up support for a merger of the aeronautics and defense companies but the deal faces potential roadblocks. One potential difficulty is how the deal would affect the current French-German balance of power at Airbus parent EADS.
Germany's Daimler holds a 22.5 percent stake in EADS, the French government owns 15 percent and French media company Lagardere has 7.5 percent.
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Enders was quoted Thursday as telling German daily Bild that he sees "no advantage" for Germany in buying shares.