LONDON—British Defense Secretary Ben Wallace has reportedly told the founding family of British defense supplier Cobham that he will be looking into concerns about its takeover by a U.S. private equity firm. The UK Press Association said Wallace has responded to the concerns of Lady Nadine Cobham, the widow of lifelong Chairman Sir Michael Cobham, who wrote to ministers earlier this month claiming the buyout by Advent International was not in the “UK’s national ...

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