Cobham founding family says takeover ‘against national interest’ August 4, 2019 The founding family of British defence firm Cobham has asked the government to intervene in the £4bn takeover of the company by US private equity giant Advent International. Lady Nadine Cobham has reportedly written to defence secretary Ben Wallace and business secretary Andrea Leadsom urging them to block the deal, saying the takeover could threaten [...]
FTSE 250-listed Cobham’s share price soars as it agrees £4bn deal to escape the public eye July 25, 2019 Engineering firm Cobham’s shares rocketed this morning as it agreed to a £4bn take-private deal by private equity giant Advent International. Shareholders stand to receive 165p per share in the acquisition, a premium of 34.4 per cent on yesterday’s close price of 122.75p. Read more: Defence contractor Cobham finally reinstates its dividend David Lockwood, the [...]
Defence contractor Cobham reinstates dividend as recovery from 2017 rights issue continues March 7, 2019 Engineering firm Cobham has announced plans to reinstate a progressive dividend after it shored up its balance sheet and settled a dispute with aerospace giant Boeing. The FTSE 250 defence and engineering group forecast more progress in 2019, expecting strong demand for its products in markets such as the US, but tightening budgets would place [...]
Berkeley Group chairman Tony Pidgley on Brexit, buildings and bonus backlashes January 16, 2019 Tony Pidgley is a staunch defender of his trade, as you would expect Britain’s best-known housebuilder to be. So it comes as something of a surprise when, asked about the huge row that hit his sector last year when fellow housing boss Jeff Fairburn took a £75m bonus, he does not come down on Fairburn’s [...]
Senior names rival Cobham man Squires as new chief executive January 6, 2015 MANUFACTURING group Senior yesterday appointed David Squires as its new chief executive. Squires, currently chief operating officer at rival firm Cobham, will join the Senior board as group chief executive-designate on 1 May, and will take on the group chief executive role on 1 June, when Mark Rollins stands down. Rollins, who announced his retirement [...]
Cobham to buy US firm Aeroflex in £869m deal May 20, 2014 DEFENCE and aerospace contractor Cobham yesterday said it has agreed to buy US communications equipment maker Aeroflex for $1.46bn (£869m), in its biggest deal to date. The FTSE 250-listed firm is looking to expand its presence in commercial markets, where Aeroflex generates 70 per cent of its revenues, as governments on both sides of the [...]
Cobham warns sales will fall short next year November 12, 2013 DEFENCE and aerospace supplier Cobham yesterday cut its sales forecast for 2014, becoming the latest company to warn shareholders over the impact of US budget cuts. Cobham said the US, which is cutting $37bn from its defence spending this year in a bid to cut the deficit, remains a “highly uncertain” market, which has been [...]