US private equity group snaps up Cobham in £4bn deal
UK defence and aerospace supplier has agreed to be bought by Advent in latest foreign takeover
Cobham, the UK aerospace and defence supplier, has agreed to be bought by US private equity firm Advent International in a £4bn cash deal.
Shareholders in Cobham will receive 165p for each of their shares – 34% more than the company’s closing share price on Wednesday. The shares rose 35% to 166p after the takeover was announced.