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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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November 22, 2015
16:58 EDTEADSYAirbus CEO aims to find defense electronics buyer by year end, Reuters says
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November 20, 2015
05:54 EDTEADSYAirbus expects new model of A380 after 2022 amid slow sales, Bloomberg says
Airbus CEO Fabrice Bregier expects a newer model of the A380 won't be available until after 2022, reports Bloomberg. At a Wings Club luncheon in New York, Bregier said some carriers don't love the A380, adding that the "problem is to justify that such a big aircraft has a market. Later on, there will be an A380neo, supported by Emirates and a few other customers, but we need a business case." Reference Link
November 19, 2015
07:46 EDTEADSYThe Wings Club holds a luncheon meeting
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