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News Breaks | | | | December 5, 2012 | | 12:17 EDT |  | EADSY | EADS 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. | |
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News For EADSY From The Last 14 Days Check below for free stories on EADSY the last two weeks. |
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| 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
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