Monday, December 23
Shadow

UK approves takeover of Cobham defence firm by US company

UK approves takeover of Cobham defence firm by US company

Ministers sign off on £4bn deal saying it won’t compromise national security

The government has given the green light to a £4bn takeover of UK defence company Cobham by a US private equity firm.

A merger between the Dorset-based manufacturer and US firm Advent was agreed to in July, however the acquisition was delayed so that the government could address national security concerns raised by the takeover.

Continue reading…

Go to Source