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.
- EADS CEO pushing for more freedom for investors to sell shares while preserving national interests.
- EADS focusing on expanding in the North American market, appointing a new senior vice president for strategy and development.
- EADS shares down 3.3% while Boeing shares up 0.5% and Embraer up 1.1%.
- EADS pursuing a merger and acquisition strategy to meet growth targets.
- EADS currently bound by a 2000 shareholder agreement that requires equal French and German stakes.
- Aerospace shares in Europe experiencing a general decline on the given day.
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
