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Thursday, August 11, 2005

EADS lobbies French govt to prevent Thales/DCN tie-up
European Aeronautics Defence and Space Co (EADS) hoping to acquire Thales and has been lobbying the French government in recent weeks to prevent the latter's expected tie-up with state shipyard DCN.

Although the French government is not enthusiastic about the suggestion, it is willing to back a merger of EADS and Thales defence electronics businesses.

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