EADS, French State In Talks Over Acquisition Of Warehoused Shares

  • Our Bureau
  • 09:24 AM, April 15, 2013
  • 1706
EADS announced today that it is in discussion with the French State over the potential acquisition of the company off-market of a stake of 1.56%. As proposed by the French State, a stake of 1.56% in EADS on the basis of a price per share equal to 37.35 euros (i.e. corresponding to the share price resulting from the EADS shares ABB carried out by Lagardère. In addition, EADS intends to enter into an agreement for the management of its share buyback programme with an investment service provider under the French Autorités des marchés financiers (AMF) "safe harbour" regulations. EADS will communicate on the outcome of such negotiations, the details of this mandate and any further use of its share buyback programme in due course, according to an official statement.