BREAKING NEWS
This content is not available in your region

Cobham to be acquired by Advent International - FT

Access to the comments Comments
Text size Aa Aa

(Reuters) – British engineer Cobham Plc <COB.L> is to be acquired by U.S. private equity firm Advent International in a deal that would value it at about 4 billion pounds including debt, the Financial Times reported, citing people close to the situation.

The transaction is to be unveiled on Thursday morning in London and the exact price per share that Advent would pay could not be learned, the FT said.

Cobham and Advent International were not immediately available for comment on the report.

(Reporting by Rishika Chatterjee in Bengaluru; Editing by Leslie Adler)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.