The proposed merger of DaimlerChrysler Aerospace (DASA) and CASA of Spain, two of the four members of the Airbus Industrie consortium, has yet again rearranged the chess board of industrial consolidation within Europe. The German-Spanish deal represents the first major cross-border move in consolidation maneuvering now gaining steam after a recent series of national mergers. And Manfred Bischoff, DASA's chief executive, said it was just the first step in further consolidation efforts. ...

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