Stock Market & Financial Investment News

News Breaks December 5, 2012 12:11 EDT EADSY EADS says company, core holders agree on overhaul of governance, ownership The EADS Board of Directors and the company’s core shareholders have agreed on a far-reaching change of the company’s shareholding structure and governance. This agreement aims at normalizing and simplifying the governance of EADS while securing a shareholding structure that allows France, Germany and Spain to protect their legitimate strategic interests. Subject to the vote of the Extraordinary General Meeting of the shareholders of EADS, the present shareholder pact, called “Participation Agreement”, in place since the company’s foundation in 2000, will be terminated and replaced by a new, limited arrangement between the French, German and Spanish Governments. France, Germany and Spain have agreed on a capped government shareholding, with Germany and France intending to ultimately hold up to 12% each and Spain circa 4%. The three states will have reciprocal pre-emption rights. The amended Articles of Association of EADS will contain an ownership and voting restriction from crossing the 15% threshold by shareholder individually or collectively. Certain specific French and German national security interests will be protected through the creation of “national defense companies” holding sensitive military assets, and including the rights of France and Germany to consent to three outside directors to the board of their respective “national defence companies”. Under the new governance scheme, no veto right will be given to any group of Directors in the Board or to any shareholder at the Shareholders’ Meeting. News For EADSY From The Last 14 Days Check below for free stories on EADSY the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 15, 2013 16:05 EDT EADSY Wesco announces milestone agreement wit Airbus Subscribe for More Information 12:31 EDT EADSY Kuwait airlines sees Airbus as best value, Reuters says Kuwait Airways picked Airbus to provide new jets because its proposal was the best value for money, says Reuters, citing the transport minister's comments. Reference Link 06:23 EDT EADSY Airbus in talks with major Japan carriers about A350 orders, Bloomberg reports Airbus SAS (EADSY) is in discussions with Japan’s two biggest carriers, ANA Holdings (ALNPY) and Japan Airlines Co., about an order for its A350-1000, a long-range plane aimed at eroding Boeing's (BAs dominance in wide-body aircraft, sources say, reports Bloomberg. Reference Link May 14, 2013 07:42 EDT EADSY Airbus maiden flight of A350 set for today, Reuters reports Subscribe for More Information May 12, 2013 16:26 EDT EADSY Kuwait Airways to spend near $3B on 25 Airbus jets, Reuters says Subscribe for More Information May 8, 2013 07:11 EDT EADSY Air China to purchase 100 Airbus SAS planes, Bloomberg reports Subscribe for More Information 06:05 EDT EADSY On the Fly: Periodicals Wrap-Up Subscribe for More Information 05:36 EDT EADSY EADS upgraded to Outperform from Neutral at Credit Suisse May 7, 2013 07:46 EDT EADSY Airbus orders beat Boeing in first four months of 2013, Economic Times rpeorts Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.