Britain's BAE Systems and Airbus-owner EADS are in advanced merger talks to create a combined group worth euro 33.23 billion (US 48 billion), overtaking Boeing as the world's biggest aerospace and defense company in terms of sales.
Under the detailed plans announced by the two firms on Wednesday BAE shareholders would own 40 percent of the combined group and EADS shareholders the remaining 60 pct with the firm structured as a dual-listed company.
Read more: BAE and EADS in merger talks to create aerospace giant | Reuters
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