UK government intervenes in £4 billion Cobham takeover

The UK government has intervened in the recent £4 billion intended takeover of aerospace supplier Cobham over security concerns. US firm Advent International made an offer for approximately £4 billion in July, with shareholder approving the deal. Cobham, based in Dorset, makes critical components for plane maker’s including Airbus, employing more than 10,000 people. “Following careful consideration of the proposed takeover of Cobham, I have issued an intervention notice on the grounds of national security,” said Business Secretary Andrea Leadsom. The Competition and Markets Authority (CMA) will investigate and carry out a review on the national security implications of the