Advent takeover deal for Cobham backed by most shareholders -FT

(Reuters) – U.S. private equity firm Advent International is set to clinch its 4 billion pound ($4.99 billion) takeover of defense and aerospace group Cobham Plc (COB.L) after Advent received support from more than 75% of shareholders, the Financial Times reported on Friday. The tally is based on the number of proxy votes already cast ahead of a crucial shareholder vote on Monday, the FT reported, citing people familiar with the situation. Cobham and Advent did not immediately respond to requests for comment on the report.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s