Argonaut's Norris: BAE merger collapse a victory for common sense

clock

Barry Norris, founding partner and chief investment officer at Argonaut Capital Partners, has said the collapse of the BAE/EADS merger today is a "triumph for common sense."

Norris, a shareholder in EADS, said the decision to scrap the merger of the two defence giants was great news for shareholders who had faced the prospect of a long battle with both boards. "Today's decision to terminate the merger talks is a triumph for common sense and shareholder value," he said. "Having sunk almost €30bn into new Airbus plane projects, which are only now beginning to break even, it made no sense for EADS to now share this with BAE shareholders. "There was also little logic in combining the defence assets of both companies without significant cost and revenue syn...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Stock pickers urge caution over rapid return to US equities

Stock pickers urge caution over rapid return to US equities

Quilter and Fidelity

Linus Uhlig
clock 01 July 2025 • 1 min read
Deep Dive: US equities may not have peaked but do require greater selectivity

Deep Dive: US equities may not have peaked but do require greater selectivity

Amid equity rebalancing

Linus Uhlig
clock 13 June 2025 • 4 min read
Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Jan de Bruijn, Director, Emerging Market Equities, Robeco
clock 06 June 2025 • 5 min read
Trustpilot