UK approves £4bn takeover of defence company Cobham
Image copyright Cobham
The government has approved a US private equity firm’s takeover of UK defence and aerospace company Cobham.
Advent International made a £4bn offer to buy Cobham in July and shareholders approved the deal last month.
But Cobham’s founding family raised concerns about the security implications of the deal, prompting a government consultation.
Business secretary Andrea…
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