WebJun 27, 2024 · Cobham offered $3.57 billion to take over Ultra in July 2024, triggering concerns about the potential erosion of UK defence industrial sovereignty. At the same time, the government is trying to balance its commitment to free-market economics with its pledge in its Defence Security and Industrial Strategy to prioritise the long-term development ... WebApr 28, 2024 · On 16 August 2024, Cobham and Ultra announced that they had reached agreement on the terms of an acquisition of Ultra. On 18 August 2024, the Secretary of State for Business, ...
Takeover of UK defence supplier Ultra Electronics set to be …
WebJan 22, 2024 · LONDON, January 22, 2024 – Advent International (“Advent”), one of the largest and most experienced global private equity investors, has further demonstrated its long-term commitment to investing in the UK with the completion of its £4 billion takeover of Cobham plc. Founded by Sir Alan Cobham in 1934, Cobham is a leading global … WebJan 8, 2024 · The move is among a series of commitments Advent and Cobham are expected to make to secure the takeover – including pledges on UK investments and jobs. Ultra is headquartered in London, but ... quotes about telling people how you feel
UK government approves Cobham
WebJul 23, 2024 · Ultra said on Friday it had received a takeover bid of £35 per share from Cobham, which is owned by American private equity group … WebJan 17, 2024 · Kwasi Kwarteng under pressure to slam the brakes on private equity takeover of Ultra Electronics. By Francesca Washtell For The Daily Mail. Published: 16:51 EDT, 17 January 2024 Updated: 16:51 ... WebAug 1, 2024 · Competition and Markets Authority will now scrutinize the Ultra buyout. Cobham announces that the commitment letter previously amended and restated on September 3, 2024 and published on Cobham and Ultra's websites on September 6, 2024 was further amended and restated to adjust certain financing commitments among the … quotes about telemachus the odyssey