BAE in merger talks with Airbus parent EADS

British defense contractor BAE said today that it was talking to EADS, the parent of aircraft maker Airbus, about a possible merger. Earlier today, Bloomberg News reported that the two companies were looking at a possible merger. In a statement, BAE Systems plc said its shareholders would own a 40 percent stake in the merged business, while shareholders of European Aeronautics Defense & Space Co. would own 60 percent.

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