UK to investigate $5 billion US takeover of arms firm Cobham
Britain will investigate the national security impact of the purchase of defense company Cobham by US private equity firm Advent International, potentially delaying or even blocking the $5 billion deal. Business minister Andrea Leadsom’s move on Wednesday is not unusual where there are potential security concerns and follows British government intervention in the pending acquisition of satellite group Inmarsat, by an international private equity consortium which includes US firm Warburg Pincus. Leadsom has issued a European intervention ...
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