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Cobham Offers $428 Million For Remainder Of Thrane & Thrane

Defense Daily Staff Defense Daily Staff
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Britain’s Cobham yesterday said it is offering $428.3 million to acquire the rest of a Danish satellite communications (SatCom) firm that it currently holds a minority stake in. The offer for Thrane & Thrane A/S is the upper limit Cobham said it would pay to entice the Danish company’s investors to sell their shares unless another party comes forward with a competing offer. While Cobham would like to acquire the shares in Thrane & Thrane that it doesn’t own, the…

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