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BAE Forces Eads Purchase Of Airbus Stake

Thu Jun 08, 2006 1:19 am

As expected, BAE has exercised its put option. The price to be paid is likely to be known by July if formal valuations are required, or earlier if the parties can agree a figure in negotiation. The current estimate is £3bn-£4.5bn ($US5.3bn-$US8.4bn).

[Edited 2006-06-07 18:33:10]
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