Competition watchdog confirms national security investigation into Ultra takeover - NewsBreak
By Tarikul in Business
Updated 3 years ago
Cobham Group, which is owned by US private equity house Advent, said on Monday that it has agreed a £2.57bn deal for London-listed Ultra Electronics. The competition watchdog has confirmed it will investigate the potential takeover of UK defence business Ultra Electronics by US-owned rival Cobham. Business Secretary Kwasi Kwarteng...