Cobham withdraws Danish bid

British aero electronics group Cobham said it was withdrawing its £273m bid for Thrane & Thrane after the Danish communication equipment firm rejected its offer. Cobham said it had been in talks with Thrane & Thrane regarding a potential deal over the last year, and submitted an offer of 420 Krone per share on 8 February. Cobham said it reserved the right to reconsider its position.