Twitter LinkedIn
    Tuesday, July 5
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Acquisitions»U.K. Sonar Specialist Ultra Warms to Cobham’s Takeover Bid
    Acquisitions

    U.K. Sonar Specialist Ultra Warms to Cobham’s Takeover Bid

    July 23, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Ultra Electronics Holdings Plc received a 2.58 billion-pound ($3.55 billion) buyout approach from Cobham Ltd. and said it’s inclined to accept the bid to unite the two British manufacturers of defense and aerospace electronics.

    The shares jumped the most on record after Ultra said Friday that Cobham, owned by U.S. private-equity firm Advent International Corp., made a non-binding offer of 35 pounds per share. The offer is 42% higher than Ultra’s closing price on Thursday.

    Ultra said its board is minded to recommend the offer to shareholders, after receiving assurances that Cobham is prepared to offer the U.K. government “appropriate undertakings in respect of national security.”

    Read More

    Source: Bloomberg

    By Charlotte Ryan

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Deal PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Clearlake Capital and Motive Partners complete acquisition of BETA+ from LSEG

    July 5, 2022

    Biosynth Carbosynth acquires KKR’s Pepscan

    July 5, 2022

    Triton to tap €5.2bn Fund V for OCU buyout

    July 5, 2022

    Private lenders are offering cheaper debt than Wall Street banks

    July 5, 2022

    Comments are closed.

    Other Articles

    BayoTech secures equity investment from Newlight Partners

    January 8, 2021

    Tikehau Capital says it wants to double assets under management by 2026

    March 23, 2022

    Despite higher costs for residential deliveries, analysts see reasons to bet on FedEx

    January 2, 2021

    ByteDance explores sale of Indian TikTok assets to rival firm Glance: Bloomberg

    February 16, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?