LONDON—The British government is to intervene in the takeover of British aerospace and defense firm Cobham by a U.S. private equity firm. The UK Department for Business, Energy and Industrial Strategy said on Sept. 18 it is intervening of the £4 billion ($5 billion) takeover by Advent International on national security grounds. Although Cobham’s chairman has urged shareholders to accept the Advent offer, with more than 90% doing so in a vote on Monday, the family of the ...

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