Competition regulator to look at whether merger with US private equity-owned Cobham is national security riskThe takeover of the British defence firm Ultra Electronics by a US private equity company will be investigated on national security grounds, af…
FTSE 100 falls as miners hit by China slowdown concerns – business live
Rolling live coverage of business, economics and financial markets as Cobham and Ultra agree deal and Meggitt pushes ahead with Parker Hannifin buyoutWeak Chinese data set negative tone across Europe’s main stock marketsFTSE 100 down 0.7%, but Ultra an…
Ultra Electronics agrees £2.6bn takeover by rival defence firm Cobham
Pledge made to protect UK manufacturing and engineering jobs and apprenticeshipsA UK defence manufacturer that supported coalition forces in Afghanistan has agreed to a £2.6bn takeover by the rival private-equity-backed aerospace firm Cobham.The boards…