Twitter LinkedIn
    Sunday, October 1
    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

    PE firm CVC buys $155 mln minority stake in Indonesia’s Samator Indo Gas

    March 17, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    Warburg Pincus acquires K2 Insurance Services from Lee Equity Partners

    December 6, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Comments are closed.

    Other Articles

    Smiths Group agrees $2.3bn sale of medical division to US private equity

    August 2, 2021

    American Tower buys Telxius for €7.7bn in European push

    January 14, 2021

    The ABC Funds invests $1 million in high impact ag-tech Apollo Agriculture

    June 21, 2021

    BlackRock launches new tool to help advisers allocate to private markets

    October 1, 2021

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

    [email protected]

    Twitter LinkedIn
    © 2023 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?