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EADS-BAE Pull Plug on Merger

Government resistance blocks effort to create world's largest aerospace company.

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European Aeronautic, Defence & Space Co. and BAE Systems Plc abandoned their planned merger amid government resistance, leaving in tatters their aspiration to create the world’s largest aerospace and defense company.

“Discussions with the relevant governments had not reached a point where both companies could fully disclose the benefits and detailed business case for this merger,” BAE said in a statement today, as a deadline neared with no accord in sight.

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