LONDON (Reuters) - The British Government has indicated it is likely to allow Advent’s $5 billion purchase of defense company Cobham (COB.L) after the U.S. private equity group offered a number of commitments to address national security concerns.
Britain’s Business minister Andrea Leadsom had put the deal on hold while she established whether the sale of the air-to-air refueling equipment maker posed a national security threat.
She said on Tuesday she was now minded to accept the deal after Advent put forward several legal undertakings, including to place a number of British executives on Cobham’s boards. (end of excerpt)
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