"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Sunday, September 03, 2006

BAE - sell off of Airbus agreed, US takeover soon.

Expect BAE shares (372 p at close on Friday) to move up smartly tomorrow morning on London markets (US markets shut for Labour Day). The Observer reports today that the board have agreed the sale of their 20% put option to EADS at the Rothschilds depressingly low arbitration price of US$3.6 Bn.

BAE will therefore be unencumbered by this European commitment and become an instant target for a US based take-over, possibly by Boeing.

This will please recently appointed (effective 10th September 2006) Director, Sir Nigel Rudd,accountant and asset stripper extraordinaire, who steered Kidde into the hands of United Technologies, and Pilkington into the hands of NGC, so that 90% of the worlds flat glass is made by two Japanese companies.(Also Chmn. of Boots and V.Chmn Barclays Bank)

The Queen saw fit to ennoble Nigel in 1996 for services to British Industry.
Share price from BAE site (Note that Sir Nigel's apointment was announced on July 26th) Yellow = FTSE Index


STOP PRESS
The Financial Times - BAE due to decide on Airbus holding
By Kevin Done in London Published: September 3 2006 19:03

at 9/03/2006 11:37:00 am

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish