Cobham to shift more ops to Thrane and Thrane
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.
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.
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
JH
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.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry