BAE merger deal called off
Major defence firms BAE and EADS are blaming politicians for the collapse of their £25bn merger deal.
Major defence firms BAE and EADS are blaming politicians for the collapse of their £25bn merger deal.
Germany has been blamed for the collapse of a merger between Britain's BAE Systems and European rival EADS.
BAE is the UK's biggest manufacturer, employing 35,000 people, and as our Business Editor, Laura Kuenssberg reports, in the long run, some of those jobs could be at risk following the collapse of the deal.
It has not taken long since the collapse of the proposed merger with Franco-German company EADS for the BAE board to be put under pressure.
The EADS and BAE mega merger is not going to go ahead, at least for now.
Talks between the two major defence companies continued into the night as they look to strike a deal.