BAE pushes for SFO to reopen settlement talks

October 5th, 2009

Arms manufacturer renews hopes for negotiated deal as City sees share price fall

The Guardian

BAE is pressing the Serious Fraud Office this weekend to reopen talks on a possible settlement over corruption allegations in a last-minute bid to head off a damaging court case.

Britain’s biggest arms manufacturer saw its share price fall two days in a row last week as the City reacted negatively to the SFO’s decision to seek formal permission to start legal proceedings against the company.

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