:

Business/Financial

Private Equity Firm Advent International To Acquire Britain’s Cobham For $5 Billion

By Cal Biesecker

Thursday, July 25th, 2019

SHARE:

Private Equity Firm Advent International To Acquire Britain’s Cobham For $5 Billion

Boeing's KC-46 aerial refueling tanker for the U.S. Air Force. Cobham provides a number of systems and subsystems for the aircraft, including the centerline drogue system and wing air refueling pods. Photo: Cobham

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…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]