UK approves APS4bn US takeover of defence company Cobham.

 
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The government has approved a US private equity firm's takeover of UK defence and aerospace company Cobham.Advent International made a APS4bn offer to buy Cobham in July and shareholders approved the deal in August.A government report found the merger caused some national security risks, but said on Friday concerns had been mitigated to an "acceptable level".The founding family of the firm said...

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