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.