UK to probe U.S. private equity purchase of defence firm Ultra - NewsBreak
By Alvarez in Business
Updated 3 years ago
LONDON (Reuters) -Britain said it will investigate possible national security risks from the planned 2.6 billion-pound ($3.6 billion) acquisition of defence firm Ultra Electronics by rival Cobham, which is owned by U.S. private equity firm Advent. Customers of Ultra, which sells torpedo and radar systems and a range of defence...