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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Benchmark gilt yield highest since 2008, BAE $5.6bn acquisition, FTSE down 300 points in a week

BAE Systems today revealed plans to buy Colorado-based Ball Aerospace in a deal worth $5.6 billion (£4.4 billion).

Chief executive Charles Woodburn called the move a “unique opportunity” to add a high quality, fast growing technology focused business.

The acquisition brightened another dour session after the Federal Reserve fuelled worries that US interest rates will stay higher for longer.

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