Grundman cited in Bloomberg, “EADS Plan for BAE Merger Fails to Cheer Investors”
European Aeronautic, Defense & Space Co. (EAD) and BAE Systems Plc (BA/) declined on concern their proposed merger would struggle to deliver cost savings and penetrate the key U.S. defense market. . . . A U.S. regulatory review would last three months, perhaps six, said Steven Grundman, principal of Grundman Advisory and ex-Pentagon deputy under-secretary for industrial affairs. Included would be antitrust considerations, a foreign investment review and a technology control review, he said.