Cobham investors back takeover by U.S. private equity group Advent

Cobham investors back takeover by U.S. private equity group Advent
Image Credit: Pixabay
  • Country:
  • United Kingdom

British defense and aerospace group Cobham Plc said on Monday its investors had backed a 4 billion-pound ($5 billion)buyout offer from U.S. private equity firm Advent International.

At a meeting to approve the deal in London, 93% of shares registered before the event backed the deal. Advent agreed to buy Cobham, known for its pioneering air-to-air refueling technology in July. ($1 = 0.8042 pounds)

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