The largest shareholder in Cobham has come out against the company’s agreed £4 billion (US$4.96 billion) takeover by US private equity fund Advent International, arguing that it does not see the deal as “compelling,” reported the Financial Times.
Silchester International, which owns 11.83% of the FTSE 250 aerospace and defense group, stated it was urging management to “seek and respond to other parties who might offer better value to the stakeholders of Cobham”.
The fund claimed Cobham, one of Britain’s oldest engineering groups which has undergone a restructuring under its current management led by David Lockwood, had had its balance sheet restored by public shareholders and that the fruits of the turnround would flow through in the next few years.
Full Content: Financial Times
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FTC Urged to Enforce Rarely Used Antitrust Law Against Retail Giants
Mar 28, 2024 by
CPI
UK’s Fingleton Bolsters Team with New Additions
Mar 28, 2024 by
CPI
Britain’s Competition Regulator Clears Aviva’s Acquisition of AIG Life UK
Mar 28, 2024 by
CPI
White House Implements New AI Safeguards to Protect Rights and Safety
Mar 28, 2024 by
CPI
Denver Court Sets August Date for Kroger-Albertsons Merger Showdown
Mar 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Real Estate & Antitrust
Mar 27, 2024 by
CPI
Systematic National Evidence of Steering by Real Estate Agents
Mar 27, 2024 by
CPI
Compliance Now! Actionable Antitrust Advice for the Residential Real Estate Industry
Mar 27, 2024 by
CPI
Real Estate Commissions: Some Insights from the Economics of Multi-Sided Platforms
Mar 27, 2024 by
CPI
New Ideas for Promoting Real Estate Brokerage Price Competition
Mar 27, 2024 by
CPI