European aerospace group EADS has made a pledge that it will prevent a supposed share buyback hurting capital spending, dividends and future growth as its shareholders planned to make a vote on proposals to purchase again up to 15% of the company stock.
EADS, the parent company of Airbus, said during a special shareholder meeting that it has still no decisions on how to initiate the scheme which has a rising value following its announcement to more than 5 billion euros.
Tom Enders, EADS's chief executive, said in a statement that higher earnings per share would be supported by the operation but emphasized EADS's business would still depend on market conditions.
Furthermore, EADS will never become a target of a takeover despite its plan to make changes in its structure, Enders pointed out.
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