25th Jul 2019 06:49
(Alliance News) - US private equity firm Advent International intends to acquire UK aerospace and defence supplier Cobham PLC, valuing it at about GBP4 billion, including debt, the Financial Times reported on Thursday.
According to the newspaper, the transaction can be revealed as soon as Thursday morning.
The exact price per share that Advent would pay was not reported by FT, but it said the bid was valued at about 35% premium to FTSE 250-listed Cobham's stock to its market value of GBP2.9 billion and Wednesday's closing share price of 122.75 pence.
https://www.ft.com/content/3e463652-ae6d-11e9-8030-530adfa879c2
Related Shares:
Cobham