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BAE, VT Group Resume Merger Talks

Maritime Activity Reports, Inc.

October 17, 2006

Reports indicate that BAE Systems PLC and VT Group PLC have resumed talks to combine their shipbuilding operations The assets that are expected to be merged include BAE's yards at Barrow-in-Furness, Scotstoun and Govan on the Clyde, and VT's dock in Portsmouth. Source: AFX

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