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BAE merger deal called off

Major defence firms BAE and EADS are blaming politicians for the collapse of their £25bn merger deal.

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EADS: 'A pity' BAE merger talks called off

Tom Enders, Chief Executive of EADS, said it was "of course, a pity" the merger did not succeed:

I'd like to thank everybody who supported us, in particular all the colleagues at BAE Systems and EADS for all their hard work and dedication to this project in recent months.[...] It is, of course, a pity we didn't succeed but I'm glad we tried.

I'm sure there will be other challenges we'll tackle together in the future.

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