Defence firm Cobham said that all the required merger authority approvals have now been secured for its takeover of Danish satellite communications outfit Thrane and Thrane.
Cobham now intends to proceed with the delisting of the Thrane & Thrane Shares from the NASDAQ OMX Copenhagen stock exchange, with a view to completing the de-listing by the end of July 2012.
Having already indicated that responsibility for Cobham's marine satellite communications (SATCOM) business would be handed to Thrane & Thrane's management team in Denmark once the merger goes through Cobham has now decided that it intends to transfer management responsibility for its land and airborne SATCOM business to the Thrane & Thrane management team by the end of 2012, creating a new Strategic Business Unit reporting to Richard Tyson, President of Cobham's Aerospace and Security Division.
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