The British government looks set to give a green light to the sale of defense company Cobham to U.S. private equity firm Advent, on condition that the new owners strengthen security arrangements around sensitive facilities and give the UK defense ministry notice of plans to sell the business. Business Secretary Andrea Leadsom said on Nov. 19 she was “minded to accept” the sale as long as Advent and Cobham met “legally-binding” requirements.  Shareholders have ...

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