EADS seeking more freedom for investors to sell shares
EADS CEO Louis Gallois has confirmed that the company is placing pressure on major shareholders to allow investors to have the freedom to sell their shares if they want, while still preserving national interests. Under a 2000 shareholder agreement, the French and German stakes in EADS must be equal.
Meanwhile, the company is stepping up its drive in North America, naming a new senior vice president and head of strategy and development for its North American subsidiary. EADS is eager to break into the massive US defence market and is pursuing a merger and acquisition strategy necessary to meet the company’s growth targets.
Aerospace shares in Europe were generally lower on Thursday, with EADS down 3.3%. Boeing shares were up 0.5% while Embraer gained 1.1%.
Selected Aerospace daily share price movements (% change): 02-Jun-2011
