BAE board urges sale of Airbus stake for €2.75 billion

BAE Systems, conceding that it would likely have to wait an "extended period" for the value of its 20% stake in Airbus to rise, decided late Wednesday to sell the holding to EADS for €2.75 billion ($3.52 billion), well below previous estimates that the stake was worth €4-€5 billion. BAE's board said...

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