Cobham, Ultra Electronics Finalize $3.6B Takeover Proposal

Mark Esper
Credit: DOD
Privately held British defense company Cobham and UK defense electronics specialist Ultra Electronics said Aug. 16 that they had reached an agreement for Cobham to buy Ultra for almost £2.6 billion ($3.6 billion). In a deal backed by the company’s directors, Ultra shareholders will be offered £35 a...

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