Cobham reassures investors over OFT statement
Defence firm Cobham released a statement on Tuesday regarding its forthcoming acquisition of Thrane and Thrane and an announcement made by the Office of Fair Trading (OFT).
Defence firm Cobham released a statement on Tuesday regarding its forthcoming acquisition of Thrane and Thrane and an announcement made by the Office of Fair Trading (OFT).
Cobham said it notes that announcement made by the OFT in which it invites comments on the acquisition of Thrane & Thrane and was keen to emphasise that this is standard procedure in such merger considerations.
"OFT approval was not required and was not a condition to the closing of the offer and the consequent acquisition of approximately 97% of the shares, which has now completed.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Cobham will work with the OFT to facilitate its process and remains confident that the transaction, which does not have a significant proportion of its business in the UK, does not give rise to any competition issues."
Cobham's share price rose 0.4% to 225.90p by 13:32.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%
Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the US
Medium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.