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BAE Systems (BAESY.PK) might abandon its potential merger with European Aeronautic (EADSY.PK) unless the combined entity will be permitted to operate as a normal company, without the political interference that has plagued the latter, according to The Financial Times. However, both France and Germany control 22.5 percent of EADS, and under the merger their combined investments would fall to below 10 percent, with the only veto remaining to them would be to block hostile takeovers.
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Comments by the Canadian finance minister Jim Flaherty caused shares of Nexen, Inc. (NYSE:NXY) to dip slightly Friday. Speaking of the firm’s proposed acquisition by Cnooc Limited (NYSE:CEO), Flaherty is now walking back reports that he had privately warned his colleagues that disallowing the deal could hurt investor confidence and also damage relations with China.
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