Ultra Electronics Holdings PLC said Friday that it has received a 2.58 billion pound ($3.55 billion) takeover proposal from Cobham Ltd. which it is minded to recommend to shareholders. The UK Government is set to investigate the planned takeover of British defence firm Ultra Electronics by a rival company. Shares were flat at £23.60. Business Secretary Kwasi Kwarteng . Rule 8.3 of the Takeover Code (the "Code") 1. ULTRA ELECTRONICS HOLDINGS PLC . Ministers blocking the £2.6bn sale of Ultra Electronics to a private equity-backed buyer would be an act of "political and economic suicide", a top shareholder has warned.. (such as a scheme of arrangement or a takeover offer), the Offer could be subject to the procedural requirements of the US Securities Exchange Act of 1934, as amended, . Defence firm Ultra Electronics today formally backed a £2.6 billion takeover after its private equity-owned suitor Cobham agreed to make a series of legally binding commitments to protect UK interests. Ultra Electronics Holdings Plc and Cobham Ltd. are likely to stir up controversy if the two U.K. defense-industry suppliers pursue a combination, according to Jefferies International analyst Sandy . The UK government is aware of the proposed deal, with a spokesperson telling Shephard . ULE Ultra Electronics Holdings Plc Magnetar Capital Partners LP - Form 8.3 - Ultra Electronics Holdings plc. A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. While Cobham and Ultra are both based in the United Kingdom, Cobham is owned by U.S. private equity firm Advent International. the 2022 Consumer Electronics Show (CES 2022) is underway in Las Vegas. July 23 (Reuters) - Defence group Cobham Ltd has made a $3.6 billion offer to buy UK-based rival Ultra Electronics (ULE.L), Ultra said on . Ultra Electronics Holdings plc (d) . The agreement with Cobham, which itself was bought for £4 billion by Boston-based Advent International last year, covers undertakings on national security and safeguarding and creating UK . ishwarkimmins August 18, 2021. Defence contractor Ultra Electronics ( ULE) raised the bar against a potential bid from rival Cobham with a stronger than expected performance in the first half and a new record order intake. As predicted, the government has asked for an investigation to be carried out into the proposed £2.6bn takeover of Ultra Electronics, a major . Defence manufacturer Ultra Electronics is on the verge of accepting a takeover offer from rival Cobham, in a move that would further extend the private equity industry's grip on the British aerospace sector. The government has said it is "closely monitoring" the proposed £2.6 billion takeover of Ultra Electronics by a private . Ultra Electronics deal unlikely to be rejected. Ultra Electronics, a major supplier to the Royal Navy, has agreed to be bought by US-owned Cobham in a £2.6bn takeover being monitored by the UK government. British aerospace giant Cobham has set its sights on the engineering company behind some of the UK's most critical military . Reuters. 19 July 2021, 11:40. KEY INFORMATION . Ultra Electronics ups its defence ahead of bid deadline. The takeover of the British defence firm Ultra Electronics by a US private equity company will be investigated on national security grounds, after the business minister, Kwasi Kwarteng, told the . (Bloomberg) -- Ultra Electronics Holdings Plc accepted a 2.57 billion-pound ($3.6 billion) buyout by Cobham Ltd. as U.K. defense and aerospace takeovers come back into focus following a pause at the height of the coronavirus crisis. The issuer is solely responsible for the content of this announcement. Takeover would help Cobham tap marine defence market. Ministers are under pressure to block the private equity takeover of defence group Ultra Electronics. disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. In a Twitter post, the UK Secretary of State for Business, Energy and Industrial . Cobham said it would "offer . Cobham said it would "offer . LONDON, July 26 (Reuters) - The UK government is closely monitoring Cobham's takeover bid of British defence group Ultra Electronics, a government spokesperson told Reuters. The move comes days after Cobham, which is owned by US private equity firm Advent, agreed to buy Ultra Electronics for $3.6bn (£2.6bn). Cobham, the private-equity backed UK aerospace and defence group, is considering a bid for rival Ultra Electronics in a deal that it said would create a "global defence electronics champion . Cobham considers merger or takeover of Ultra Electronics. have the same meanings as set out in the announcement made by Cobham of its firm intention to make a cash offer for Ultra under 2.7 of the Takeover Code on 16 . Former defence secretary Lord Heseltine has slammed the £2.6billion bid from US bidder Advent . Ultra said on Friday it had received a takeover bid of £35 per share from Cobham, which is owned by American private equity group Advent. Ultra Electronics Holdings Plc accepted a 2.57 billion-pound ($3.6 billion) buyout by Cobham Ltd. as U.K. defense and aerospace takeovers come back into focus following a pause at the height of . Military technology supplier Ultra Electronics faces a potential disposal of part of the business after agreeing to a £2.57bn takeover by US-owned defence group Cobham - a deal being closely . Offer by Cobham Limited ("Cobham") for Ultra Electronics Holdings plc ("Ultra") . The non-binding offer is worth $48.37 (£35) per Ultra Electronics share, which value rose at the news of the offer. The board of Ultra said on Monday that it had agreed a £2.6bn takeover with US-owned rival Cobham Group at £35 a share, more than 40% higher than the company's all-time record share price. Ultra Electronics set to accept £2.6bn takeover from rival Cobham. . The board of Ultra said on Monday that it had agreed a £2.6bn takeover with US-owned rival Cobham Group at £35 a share, more than 40% higher than the company's all-time record share price. . disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure . Meggitt announced acquisition by the US-based Parker-Hannifin for £6.3 billion ($8.8 billion). U.K. Defense Deals Advance as Ultra Accepts Cobham Takeover. DJ Form 8.3 - The Vanguard Group, Inc.: Ultra Electronics Holdings plc The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Ultra Electronics Holdings plc 31-Dec-2021 / 13:49 GMT/BST The most significant action involves Ultra Electronics, whose shares moved further away from the £35 a share deal price after the Government called in the £2.6 billion bid by defence firm Cobham, potentially setting back completion until next January. Ultra Electronics specialises in providing application-engineered bespoke solutions for our customers' mission critical situations. August 16, 2021 at 05:45 AM Advisers land £137m fees bonanza from £2.6bn private equity takeover of Ultra Electronics. The stock fell by 6% over the past few weeks and is well below the 3,500p offered by aerospace firm Cobham PLC ().. Defence . The takeover is estimated to be worth 2.6 billion pounds ($3.56 billion). The statement said: "Having considered the proposal, the board has indicated to Cobham that it is at a value the board would be minded . Share. (Bloomberg) -- Ultra Electronics Holdings Plc accepted a 2.57 billion-pound ($3.6 billion) buyout by Cobham Ltd. as U.K. defense and aerospace takeovers come back into focus following a pause at the height of the coronavirus crisis. Cobham agrees $3.6bn Ultra deal. UK govt orders probe into £2.6bn Ultra Electronics takeover (Sharecast News) - UK Business Secretary Kwasi Kwarteng on Thursday ordered an inquiry into the proposed takeover of Ultra Electronics . By Alex Brummer for the Daily Mail. Kirkland, Slaughters Line Up on Cobham's £2.57B Ultra Electronics Takeover In 2019, U.S. private equity giant Advent International bought Cobham in a £4 billion deal. The Panel's Market Surveillance Unit is available for . Cobham puts top secret defence rival Ultra Electronics in its sights. 2 Min Read. Ex-Navy and Army chiefs sound alarm over £2.6bn raid on Ultra Electronics Admiral Lord West says takeover offer from Advent-owned Cobham is "extremely troubling", while General Sir Lord Dannatt . Ultra Electronics Holdings PLC dipped 1% to 3,184p before close as various investors have been shuffling their holdings around.. 07/26/2021 | 01:53pm EST. Reuters. The Vanguard Group, Inc. ( ) 09-Aug-2021 / 15:09 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. Cobham, the private equity-owned aerospace and defence group, has agreed to buy rival firm Ultra Electronics for $3.6bn in the latest takeover of a UK engineering specialist. The agreed takeover of Ultra Electronics Holdings plc ('Ultra') by Cobham Group Holdings Ltd ('Cobham') has been referred by Business Secretary Kwasi Kwarteng on national security grounds to the Competition and Markets Authority (the 'CMA'). Published: 17:20 EST, 8 September 2021 | Updated: 02:38 EST, 9 . There was also renewed interest in the agreed £6.2 billion deal for cybersecurity firm Avast by US-based NortonLifeLock. The takeover of . KEY INFORMATION (a) Full name of discloser: Barclays PLC. The defence and . Facebook Twitter LinkedIn Tumblr Pinterest Reddit Skype WhatsApp Telegram Viber Share via Email Print. . Cobham has set in motion the potential takeover of UK-based Ultra Electronics, offering $3.57 billion (£2.58 billion) for the company. Maritime Intelligence & Communications Precision Control Systems Forensic Technology Energy Ultra Group support functions. Ultra Electronics Holdings plc entered into a £2.6 billion takeover agreement with Cobham Ultra Acquisitions Limited. LONDON, July 26 (Reuters) - The UK government is closely monitoring Cobham's takeover bid of British defence group Ultra Electronics, a government spokesperson told Reuters. DJ Form 8.3 - The Vanguard Group, Inc.: Ultra Electronics Holdings plc The Vanguard Group, Inc. ( ) Form 8.3 - The Vanguard Group, Inc.: Ultra Electronics Holdings plc 17-Dec-2021 / 14:06 GMT/BST July 23 (Reuters) - Defence group Cobham Ltd has made a $3.6 billion offer to buy UK-based rival Ultra Electronics (ULE.L), Ultra said on . Post takeover, each Ultra Electronics shareholder will receive £35.00 in cash, 40% more than Ultra's record high share price. The British . Cobham Group Holdings Ltd have made an offer to buy Ultra Electronics Holdings for £35.00 per share.. Shareholders will vote on the takeover at meetings on 4 October 2021. aLLKvS, TCG, ZJegk, aZMrZ, AqmlrU, bNPgoQ, rsNZ, zuUAp, OrSd, DwL, dvOfE, rkLZL,
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