No firm reason given for German government's opposition to merger: EADS

Reuters

EADS defended its failed efforts to forge a $45 billion merger with BAE Systems on Wednesday, noting progress had been made with some governments and shareholders but that the German government had not spelled out why it opposed the deal.

"No firm reason has been given for the German opposition," an EADS spokesman said. "I suggest you speak to them."

Continue Reading Below

"The French and UK governments were in favor of this combination," he said, adding there had also been constructive dialogue with German automaker Daimler and French media firm Lagardere about their plans to eventually exit their EADS shareholdings.

(Reporting by Jason Neely; editing by Paul Sandle)