London intervenes to review $5 billion purchase of U.K. defense firm Cobham by American private equity outfit
LONDON—The U.K. halted the $5 billion sale of a British defense firm to an American investor on national security grounds, pending further government review, in a rare move for a country that hasn’t typically inserted itself in big, cross-border deal making.
The intervention comes as critics of the deal for Cobham PLC—which makes air-to-air refueling systems and communications equipment for military and commercial planes-—have said the deal is counter to national interest and undervalues the company. Some lawmakers and the...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senators want FCC to review Chinese telecom approvals to operate in U.S.Two U.S. senators on Monday asked the FCC and national security agencies to revi...
Read more »
Trump admin weighing retaliatory action against Iran after Saudi oil attackBREAKING: Trump admin. is weighing a range of options for a retaliatory action against Iran, including a cyberattack or physical strike on Iranian oil facilities or Revolutionary Guard assets, US officials and others briefed tell NBCNews.
Read more »
Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta - sourcesBuyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint ...
Read more »
Britain orders security investigation into Cobham-Advent dealThe $5 billion acquisition of British defence company Cobham by U.S. private equ...
Read more »
Attack on Saudi Arabia 'unprecedented': U.S. defense secretaryU.S. Defense Secretary Mark Esper said on Monday the recent attack on Saudi Arab...
Read more »
U.S. envoy tells U.N. Security Council indications Iran behind Saudi oil attacksU.S. Ambassador to the United Nations Kelly Craft told the Security Council on M...
Read more »