The government has approved a US private equity firm’s takeover of UK defence and aerospace company Cobham.
Advent International made a £4bn offer to buy Cobham in July, but it was delayed when the government intervened over national security concerns.
The government announced its approval of the deal late on Friday night – which the firm’s founding family said was “timed to avoid scrutiny”.
PM Boris Johnson said the UK remained a “dynamic” part of the defence industry.
Cobham ... Read even more
