
United Kingdom-based aerospace and defense company Cobham plc on Thursday said it has entered into an agreement to be acquired by the U.S.-based global private equity firm Advent International for $5 billion in cash. Advent’s offer price for Cobham is 165 pence, representing a 34 percent premium to the company’s closing price on Wednesday of 123 pence per share. The deal must be approved by regulators in the U.S. and European Union, as well as the U.K., Australia, France and…