France and Britain narrow their differences over the wording of guarantees on state...

|By:, SA News Editor

France and Britain narrow their differences over the wording of guarantees on state shareholdings in EADS's $45B merger with BAE Systems, sources tell Reuters, although France is still opposed to a 10% limit on its future stakes in the merged company. The CEOs of the companies are due to meet their boards to  discuss whether to apply to extend tomorrow's deadline for a decision on proceeding.