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Stock Market & Financial Investment News

News Breaks
December 5, 2012
12:17 EDTEADSYEADS to propose share buyback of up to 15% of outstanding shares
EADS (EADSY) intends to implement a share buy-back program and subsequent cancellation of up to 15% of the outstanding EADS shares, divided into two equal and simultaneous tranches bearing the same terms and conditions. A first tranche of up to 7.5%, which shall be open to all of EADS’ shareholders, other than the parties to today’s agreement. A second tranche of up to 7.5%, which shall be reserved exclusively for Lagardere SCA up to 5.5%. If the size of the tranche is higher than 5.5%, SOGEPA and SEPI will have the right to tender the remainder. In the event that SOGEPA and SEPI do not exercise their right, Lagardère SCA could take up to the full amount of the tranche. Finally, in the event that this tranche is not fully tendered by the above parties, Daimler AG (DDAIF) will have the right to participate up to the full unused amount of the tranche. Also, before year-end 2012, Daimler AG intends to reduce its shareholding in EADS by up to 7.44% of the share capital. In this context, KfW intends to buy approximately 2.76% and KfW intends to buy the privately-held interests in the Dedalus consortium, which owns a total of 7.44% of EADS’ share capital.
News For EADSY From The Last 14 Days
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January 29, 2015
08:39 EDTEADSYAirbus announces resignation of head of Military Aircraft business unit
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January 28, 2015
06:22 EDTEADSYAirbus CEO promises "management consequences" after A400M delays, FT says
Airbus CEO Tom Enders promised "management consequences" within the company after further delays delivering its A400M military plane, reports the Financial Times, citing a speech given to U.K. government and military officials. The U.K. has ordered 22 planes in total, and Enders vowed to deliver seven of those to the Royal Air Force by late 2015. Germany is demanding penalty payments over deficiencies in the A400M already delivered to them, and the Financial Times notes that Airbus' defense and space division and its Spanish division are likely candidates for leadership changes. Reference Link
January 21, 2015
09:04 EDTEADSYEmirates to buy 100 Airbus A380 if engine receives upgrade, Bloomberg says
Emirates has committed to buying 100 more Airbus A380 planes on the condition that the company upgrades its engines, reports Bloomberg. The offer comes as new A380 orders crawled to a halt in 2014 and Airbus focuses on its new A350 wide-body. The development of the new "Neo" engines would cut seat-mile costs by 10%-13%. Reference Link

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