Cobham completes Thrane deal

Cobham, the defence giant, said yesterday it had completed its takeover of Danish satellite firm Thrane and Thrane. Management responsibilities for land and airborne SATCOM operations will transfer to the Danish company at the end of 2012. The company said in a statement that the Thrane and Thrane deal met the minimum acceptance condition on 8 May and that 90 per cent of Cobham’s shareholders agreed to the deal, which will formally take place on 22 June.