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 in a regulatory filing that "it is in the best interest of the company to exit at the price determined" rather than to spend the "significant amount of management focus, time ...

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