Rapid Fire Oct. 1, 2012: Lagardere Wants Better EADS Valuation
- Lagardere released earlier today a statement [in French] claiming the EADS/BAE plan “has not yet demonstrated that it was creating value for EADS.” Its CEO Arnaud Lagardere, Chairman of EADS since May 2012, then met with EADS CEO Tom Enders for a private meeting. The firm owns 7.5% of EADS. Daimler is also reportedly unhappy about EADS’ valuation in the deal. At least UK Prime Minister David Cameron and French President Francois Hollande are said to be favorable to the merger.
- The OMB(Office of Management and Budget) backed with its own memo [PDF] guidance issued by the Department of Labor back in July. Both tell federal contractors they should not sent WARN Act notifications “because of uncertainty about whether sequestration will occur and, if it did, what effect it would have on particular contracts.” But the Administration’s posture is puzzling on several grounds.