Deadline for BAE/EADS merger looms

<p>The deadline for the BAE/EADS merger will fall at 17:00 BST this evening.</p>

The deadline for the merging of defence and aerospace giants BAE Systems and EADS will fall at 17:00 BST today (October 10th), but analysts are not certain the deal will be given the green light.

Bosses at both companies could yet reveal if they are seeking an extension to negotiate the deadline, but EADS has stated there would be no statement before the stock market closes in London this evening.

The merger is worth around £28 million and the UK and French/German-owned businesses have been in serious talks for two weeks now – but the proposed amalgamation has been opposed by major shareholders and the governments that have a stake in the firms.

At 10:20 BST on the London Stock Exchange, BAE Systems shares were down by 1.1 per cent to 321.70p, while on the Paris Stock Exchange, values held firm at €26.09 per share.

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