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EADS Overhauls Governance, Shareholder Structure

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The European Aeronautic Defence and Space Co. (EADS) yesterday said its board and core shareholders have agreed on a new governance and shareholder structure that will cap government ownership of the company and substantially reduce, and possibly eliminate, ownership stakes by Germany’s Daimler AG and France’s Lagardere SCA.  The new structure will give the governments of France and Germany a 12 percent stake each in EADS and the government of Spain 4 percent. EADS said that Daimler and Lagardere plan…

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