EADS In Talks With French State Regarding Acquisition Of Warehoused Shares Under Buyback Programme
In the frame of its 18-month share buyback programme announced on 2 April 2013, EADS indicates that it is entering into discussions with the French State for the potential acquisition off-market of a stake of 1.56% in EADS on the basis of a price per share equal to 37.35 euros (i.e. corresponding to the share price resulting from the EADS shares ABB carried out by Lagardère), as proposed by the French State.
In addition, EADS intends to enter into an agreement for the management of its share buyback programme with an investment service provider under the French Autorités des marchés financiers (AMF) safe harbour regulations.
EADS will communicate on the outcome of such negotiations, the details of this mandate and any further use of its share buyback programme in due course.
About EADS
EADS is a global leader in aerospace, defence and related services. In 2012, the Group – comprising Airbus, Astrium, Cassidian and Eurocopter – generated revenues of € 56.5 billion and employed a workforce of over 140,000.
New Media Section on the EADS website!
For information on EADS – photo, video, sound bites, background documents – visit www.eads.com/media.
Subscribe to our RSS Feed at www.eads.com/RSS.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
